Weight Watchers Swings To First-quarter Profit As Subscribers Grow

By Sue ChangMarketsMarketWatch Pulse

Shares of Weight Watchers International Inc. soared in Tuesday's extended session after the weight-loss company swung to a net profit. Weight Watchers reported first-quarter earnings of $10.7 million, or 16 cents a share, from a loss of $10.8 million, or 17 cents a share, a year earlier. Revenue rose 7.2% to $329.1 million while subscribers increased 16%. Analysts surveyed by FactSet had forecast a loss of 4 cents a share. The company closely associated with entertainment mogul Oprah Winfrey after she took a stake projected 2017 earnings per share of $1.40 to $1.50, better than the average $1.27 a share projected by analysts. Weight Watchers shares jumped 11% after hours.

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