Weight Watchers International Shares Plunge 24% On Weak Q4 Results

(RTTNews) - Shares of Weight Watchers International Inc. (WTW) plunged 24% on Tuesday's extended session after the company reported a fourth-quarter results that fell short of estimates. The company also issued a weak outlook for the full year.

Fourth-quarter profit dropped to $43.7 million or $0.63 per share, from $62.9 million or $0.91 per share last year.

Fourth-quarter results included one-time items that positively impacted the earnings by $0.17 per share.

On average, 13 analysts polled by Thomson Reuters estimated earnings of $0.60 per share. Analysts estimates typically exclude one-time items.

Revenues for the quarter rose to $330.4 million from $312.5 million last year. Analysts had a consensus revenue estimate of $346.98 million.

Looking forward to the full year 2019, the company expects revenues of about $1.4 billion and earnings of between $1.25 and $1.50 per share. Analysts currently estimate earnings of $3.43 per share and revenues of $1.66 billion for 2019.

WTW closed Tuesday's trading at $29.57, up $0.18 or 0.61%, on the NYSE. The stock, however, slipped $7.22 or 24.42 in the after-hours trade.