Weight Watchers Shares Drop After Surprise Quarterly Loss

Weight Watchers International Inc. shares dropped in the extended session Thursday after the weight-loss program company reported a surprise loss for the quarter. Weight Watchers shares fell 18% to $12.85 after hours on heavy volume. The company reported an adjusted fourth-quarter loss of 3 cents a share on revenue of $259.2 million. Analysts surveyed by FactSet had forecast earnings of 2 cents a share on revenue of $257 million. Weight Watchers forecast 2016 earnings of 70 cents to $1 a share, while analysts are looking for 83 cents a share.