Weight management specialist Weight Watchers International, Inc.
) on Wednesday posted in-line second quarter earnings results and
lowered its full-year forecast, sending its shares sharply lower in
The New York-based company reported second quarter net income of
$1.36 per share, which matches the average Wall Street analyst
estimate. Its revenue total of $484.8 million missed analysts' view
for $497.54 million.
Looking ahead, Weight Watchers cut its full-year 2012 earnings
outlook to a range of $4 to $4.20 per share, down from its prior
estimate of $4.60 to $4.80. Analysts are currently looking for
$4.61 per share for the year.
Weight Watchers shares fell $4.79, or -10%, in aftermarket
The Bottom Line
Shares of Weight Watchers (
) have a 1.43% dividend yield, based on last night's closing stock
price of $48.79. The stock has technical support in the $43-$44
price area. If the shares can firm up, we see overhead resistance
around the $54-$55 price levels.
Weight Watchers International, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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