Weight Watchers Slashes Full-Year Outlook as Q2 Results Match View; Shares Tumble After Hours (WTW)

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Weight management specialist Weight Watchers International, Inc. ( WTW ) on Wednesday posted in-line second quarter earnings results and lowered its full-year forecast, sending its shares sharply lower in aftermarket trading.

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 trading Wednesday.

The Bottom Line
Shares of Weight Watchers ( WTW ) 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. ( WTW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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