After-hours buzz: Weight Watchers, Papa John's, Gap & more
Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates of $347 million. Earnings per share were 46 cents cents, below the 60 cents forecast by analysts.
1 percent and down 7.3 percent for the full year. Papa John's estimates full-year North American same store sales will decrease between 1 and 5 percent. The company expected 2019 earnings per share between $1.00 and $1.20, vs. the forecast $1.20. Shares of Mylan dropped more than 9 percent in extended trading Tuesday following the release of the company's weak fourth-quarter earnings. The pharmaceutical company posted earnings per share of $1.30 on revenues of $3.08 billion.
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Weight Watchers stock plummets more than 30% after earnings show mixed results, weak guidance
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