07/28/14: The Greatest Day Of Bill Ackman's Life Thus Far


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.

The Streak Is Over: Herbalife Misses Estimates for First Time Since 2008 [MoneyBeat]