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Weight Watchers International (WTW) Stock Falls on Q2 Subscriber Drop

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Weight Watchers International (NYSE: WTW ) reported its latest quarterly earnings results, which were mixed as the company posted an earnings beat but its subscriber base fell year-over-year, sending shares tumbling.

The dieting services provider said that for its second quarter of fiscal 2018 , it raked in net income of $70.7 million, or $1.01 per share. The figure was an improvement over the company's year-ago net income of $45.2 million, or 67 cents per share.

Analysts were calling for Weight Watchers International to amass earnings of 88 cents per share, according to a survey conducted by Thomson Reuters . The company's revenue for the period came in at $409.7 million, which marks a growth of 19.9% compared to the $341.7 million it tallied up during the second quarter of fiscal 2017.

The Wall Street consensus estimate was slightly below the company's results of $409.5 million, according to data compiled by Thomson Reuters. Weight Watchers International's after-hours stock decline was caused mostly by its subscription figures declining to 4.5 million from 4.6 million during the first quarter of the fiscal year, but the figure still marked a subscriber growth of 27.6% compared to the year-ago quarter.

For the fiscal year 2018, the company projects earnings to be in the range of $3.10 to $3.25 per share, which is higher than its previous guidance of $3 to $3.20 per share. Wall Street calls for earnings of $2.92 per share.

WTW stock fell about 3.5% after the bell on Monday following the company's subscriber decline from year to year. Shares were gaining about 0.7% during regular trading hours in anticipation of its quarterly results.

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The post Weight Watchers International (WTW) Stock Falls on Q2 Subscriber Drop appeared first on InvestorPlace .

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


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

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