The day the Feds start listening to Ackman and shut down Herbalife will surely take the cake, but until then, this will have to do:
The marketer of nutritional supplements reported second-quarter profit that fell short of Wall Street’s expectations, the first time since 2008 that Herbalife missed estimates. The company reported second-quarter earnings on an adjusted basis of $1.55 a share, a penny short of analysts’ expectations. Herbalife also posted quarterly revenue of $1.31 billion. Analysts polled by Thomson Reuters expected Herbalife to report second-quarter earnings of $1.56 a share on revenue of $1.36 billion.
Somewhere in midtown, a giddy Ackman is doing a victory dance that involves stomping on a pile of Formula 1 shakes while "How You Like Me Now?" blares on the office PA.