Nutritional and weightloss supplement seller Herbalife just reported its fourth-quarter earnings.
Herbalife posted $1.05 EPS.
On average, analysts polled by Bloomberg expected the multi-level marketing firm to post an adjusted EPS of $1.03 on sales of $1.049 billion.
Herbalife has become one of the most controversial stocks lately.
That's because hedge fund titan Bill Ackman, the CEO of Pershing Square Capital Management, has publicly declared that he's shorting more than 20 million shares of Herbalife with a price target of $0. The premise of his thesis is that he believes Herbalife is a pyramid scheme and regulators will be induced to investigate the company.
Herbalife has denied Ackman's claims saying he used "outdated" and "inaccurate information" when putting together his massive 342-slide short case presentation.
This stock has also created a hedge fund clash of the titans.
On the long side, hedge fund hot-shot Daniel Loeb, the founder of Third Point LLC, disclosed an 8.24% stake in the company back in January. Loeb is said to have pared back some of his stake, but still remains one of the largest shareholders, according to CNBC's Scott Wapner.
In addition, legendary billionaire investor Carl Ichan, who is a long time Ackman rival, disclosed a 12.98% stake in Herbalife which includes shares underlying call options.
The earnings should be out any moment now.