There have been media reports in the street indicating that federal prosecutors and the Federal Bureau of Investigation (FBI) are probing potential manipulation of Herbalife Ltd. (HLF) stock and have interviewed people affiliated with billionaire William A. "Bill" Ackman, an activist hedge fund manager.
HLF stated that Mr. Ackman has a $1 billion bet against Herbalife and a direct financial interest in hurting the company
According to HLF, for more than two years, he has spent over $75 million orchestrating a false and fabricated attack against the company, all in an effort to enrich himself.
HLF added that it is confident in the strong fundamentals of the company's business model and have remained committed to helping people and communities improve their nutrition, while knowing that one day his tactics would be exposed
Shares of HLF surged more than 9% in extended-hours trading on Thursday, after the company issued the statement.
HLF is a global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle.
More about Herbalife Ltd. (HLF) at www.Herbalife.com
After the closing bell on Thursday, El Pollo Loco Holdings, Inc. (LOCO) delivered another strong quarter of sales and profits growth in its earnings report.
For the fourth quarter 2014, LOCO posted total revenue of $90.0 million, an 18.11% increase year over year, and non-GAAP net income of $5.5 million, or $0.14 per diluted share, compared to non-GAAP net income of $3.4 million, or $0.09 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.12 earnings per share on revenue of $87.49 million for the period
According to its business outlook for 2015, LOCO expects non-GAAP net income to be in the range of $0.67 to $0.71 per diluted share, compared with a non-GAAP net income of $0.55 per diluted share in 2014
LOCO develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States. El Pollo Loco is a differentiated and growing restaurant concept that specializes in fire-grilling citrus-marinated chicken in front of its customers.
More about El Pollo Loco Holdings, Inc. (LOCO) at www.elpolloloco.com
FXCM Inc. (FXCM) reported strong growth in its quarterly financial results, with earnings and revenue numbers above analysts’ expectations.
For the fourth quarter 2014, FXCM posted revenues of $134.7 million, a 19% increase year over year, and non-GAAP net income (excluding non-recurring items, including tax-effected amortization and stock based compensation) of $16.1 million, or $0.20 per diluted share, compared to non-GAAP net income of $7.3 million, or $0.10 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus Estimate of $0.17 earnings per share on revenue of $127.84 million for the period
FXCM is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
More about FXCM Inc. (FXCM) at www.fxcm.com
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Chico, CA ( www.chico.crwe-pr.com ) into the CRWE Network.
Chico is the most populous city in Butte County, California, located at the northeast edge of the Sacramento Valley approximately 90 miles north of the state capital of Sacramento.
The City of Chico had an estimated population in 2013 (U.S. Census Bureau) of 88,077, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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