Weight Watchers International, Inc. ( WTW ) saw its stock go up Thursday after it released its Q1 2016 earnings report.
WTW's revenue for Q1 2016 was $306.9 million, which is down from the $322.1 million it reported in Q1 2015. It also didn't meet the $316.9 million in revenue that Wall Street was expecting for the quarter.
Weight Watchers also increased its outlook for EPS in 2016 to be between 80 cents and $1.05. Analysts are expecting EPS of 87 cents for the year.
WTW shares were up 5% as of Thursday morning.
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