Weight Watchers tops 3Q earnings and revenue expectations

MarketsAssociated Press

Weight Watchers International Inc. (WTW) on Wednesday reported third-quarter profit of $37.9 million.

On a per-share basis, the New York-based company said it had profit of 67 cents. Earnings, adjusted for restructuring costs, were 68 cents per share.

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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The weight-loss program operator posted revenue of $345.2 million in the period, which also beat Street forecasts. Analysts expected $336.2 million, according to Zacks.

Weight Watchers expects full-year earnings in the range of $1.95 to $2.05 per share.

Weight Watchers shares have decreased 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.42, a decrease of 26 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. WTW stock research report from Zacks.

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Keywords:Weight Watchers,Earnings Report