Herbalife (HLF) Twists The Knife A Little More in Ackman, While Godaddy (GDDY), Tripadvisor (TRIP), and 2 Others Report Earnings

Herbalife Tops Q2 Estimates

Herbalife Ltd. (NYSE:HLF) is 2.71% in the green this morning after the company posted a second quarter net loss of $22.9 million, compared to net income of $82.8 million for the same quarter of last year. On an adjusted basis, the company earned $1.29 per share, better than analysts’ forecast of $1.21, while revenue of $1.20 billion topped the consensus of $1.19 billion. For the full year, the company now expects to earn $4.50-to-$4.80 per share, up from the prior guidance of $4.40-to-$4.75. Last month, Herbalife agreed to pay $200 million to settle a long-running FTC probe spurred by billionaire investor Bill Ackman, who has accused the nutrition company of running a pyramid scheme. The Federal Trade Commission ordered Herbalife to restructure its business operations, but did not go so far as to call it a pyramid scheme, a victory for the company. Out of the 766 actively-filing hedge funds in our database, 37 were long Herbalife Ltd. (NYSE:HLF) at the end of March.

Oasis Petroleum Beats Estimates

Oasis Petroleum Inc. (NYSE:OAS)’s stock has surged by more than 4% after the company powered past second quarter earnings estimate. The Texas-based oil and gas company posted an adjusted loss of $0.11 per share, better than the expected $0.15 per share loss. However, $179 million in revenue fell short of analysts’ projection of $185.28 million. The company upped its full year production estimate to 48,500-to-49,500 barrels of oil equivalent per day. John H. Scully’s SPO Advisory Corp had amassed approximately 19.91 million shares of Oasis Petroleum Inc. (NYSE:OAS) as of the end of the first quarter.

Metlife Plunges After Q2 Miss

Shares of Metlife Inc (NYSE:MET) have lost some 3.66% today after the company revealed that its profit in the second quarter nosedived by about 90%, as CEO Steve Kandarian plans to shut down its variable-annuity business due to unsatisfactory cash generation. Mr. Kandarian’s aim is to focus on the company’s international operations and U.S. offerings. Overall, the insurance company reported EPS of $0.83 on $17.00 billion in revenue, behind the consensus estimates of $1.35 in EPS on $17.26 billion in revenue. Metlife, like several other insurance companies, is facing the heat after a decline in U.S. Treasury yields, especially after the Brexit vote. 50 hedge funds in our system were owned shares of Metlife Inc (NYSE:MET) at the end of March, up from 41 funds a quarter earlier.

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