LIVE: Herbalife Reports Earnings

Nutritional supplement-seller Herbalife will report second-quarter earnings results after the closing bell today.

On average, analysts are expecting the multi-level marketer to report adjusted earnings per share of $1.57, up 11% year-over-year.

Revenue for the second quarter, is expected to come in at $1.354 billion, up 11.1% year-over-year.

Herbalife is the company that hedge fund manager Bill Ackman is shorting.

Last week, Ackman gave what he called "the most important presentation" of his career slamming the company again.

As Ackman spoke, shares of Herbalife surged higher.

For more than 18 months, Ackman has been on a crusade against Herbalife-a maker of nutritional shakes he believes is operating as a "pyramid scheme" that targets poor people. It's his contention that regulators, specifically the Federal Trade Commission, will shut the company down.

Herbalife has denied and continues to deny Ackman's allegations.

A number of fund managers, most notably Carl Icahn, are long Herbalife's stock. Icahn, who owns a massive stake, said a couple weeks ago that he has not sold a single share of his position.

So far, Ackman has amassed hundreds of millions in paper losses on his short.

The FTC opened an investigation into Herbalife back in March.

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