Weight management specialist Weight Watchers International, Inc.
) late Tuesday posted better-than-expected fourth quarter earnings
but offered a somewhat tepid 2012 forecast.
The New York-based company reported fourth quarter net income of
$63.7 million, or 86 cents per share, compared with $48.9 million,
or 66 cents per share, in the year-ago period.
Revenue rose 12.5% from last year to $401.3 million.
On average, Wall Street analysts expected a slightly higher
profit of 87 cents per share, on larger revenue of $412.1
Looking ahead, the company forecast full-year 2012 earnings to
range from $4.20 to $4.60 per share, while analysts are looking for
$4.58 per share for the year.
Weight Watchers shares fell $1.84, or -2.3%, in premarket
The Bottom Line
Shares of Weight Watchers (
) have a .88% dividend yield, based on last night's closing stock
price of $79.34. The stock has technical support in the $70 price
area. If the stock can firm up, we see overhead resistance around
the $85-$86 all-time high levels.
Weight Watchers International, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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