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Weight management specialist Weight Watchers International, Inc ( WTW ) late Wednesday posted disappointing earnings results, sending its shares plunging in aftermarket trading.

The New York-based company reported first quarter net income of $54.6 million, or 74 cents per share, down from $73.6 million, or $1 per share, in the year-ago period.

Revenue was mostly flat from last year at $503.5 million.

On average, Wall Street analysts expected a higher profit of 78 cents per share, on larger revenue of $505.70 million.

Looking ahead, WTW raised its full-year earnings outlook to a range of $4.60 to $4.80 per share, up from a prior forecast of $4.20 to $4.60. Analysts expect a still-higher $4.96 per share for the year.

Weight Watchers shares closed up slightly in Wednesday trading, but the stock was indicated down more than 16% after hours.

The Bottom Line
Shares of Weight Watchers ( WTW ) have a .92% dividend yield, based on today's closing stock price of $76.01. The stock has technical support in the $60-$65 price area. If the shares can firm up, we see overhead resistance around the $75-$80 price levels.

Weight Watchers International, Inc ( WTW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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