Weight Watchers stock plunges 34% as earnings show mixed results, weak outlook
WTW, +0.61% late Tuesday reported mixed fourth-quarter results and weak guidance, saying it had a "soft start" to 2019, and shares plunged more than 30%. The company said it earned $44 million, or 63 cents a share, in the quarter, compared with $63 million, or 91 cents a share, in the year-ago period. Revenue rose 6% to $330 million. Analysts polled by FactSet had expected earnings of 60 cents a share on sales of $347 million.
The stock ended the trading day up 0.6%, but shares were halted after the close. When trading resumed at 4:35 p.m. Eastern time, the stock immediately plunged more than 30% in after-hours trading. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. var smscript=document.createElement; smscript.src='https://smartasset.com/snippet.js'; s.parentNode.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here comes Weight Watchers...Weight Watchers is set to report fourth-quarter results after Tuesday's closing bell.
Consulte Mais informação »
WW, formerly Weight Watchers, craters 28 percent after posting weak 4Q results and 2019 forecastWW, formerly known as Weight Watchers, shares cratered 28 percent Tuesday after the company posted disappointing fourth-quarter results and gave a weak 2019 forecast as the company tries to pivot to a wellness company from a diet brand.
Consulte Mais informação »
Here comes Weight Watchers... (WTW) | Markets InsiderWeight Watchers crashes as earnings guidance is less than half of what was expected
Consulte Mais informação »
Oprah’s stake in Weight Watchers has shrunk by half a billion dollarsSince Weight Watchers announced a name change and a new tagline in September, the company’s stock has dropped by 60 percent.
Consulte Mais informação »
Workouts for each fitness goal from weight loss to finding your absCongratulations, you've made it to the gym, but now what? There are so many workout programs out there, how do you know which one to do?
Consulte Mais informação »
Opinion | Fast weight loss is a pipe dream. So why do we all keep buying in?Opinion | Erika Nicole Kendall: 'Many of us want to lose weight without making permanent changes, because we view thinness instead of health as a success.' - NBCNewsTHINK
Consulte Mais informação »