Trading in WW, formerly Weight Watchers, halted after posting disappointing fourth-quarter results and weak full-year forecast
WW, formerly known as Weight Watchers, shares cratered 28 percent Tuesday after the company posted disappointing fourth-quarter results and gave a weak 2019 forecast as the company tries to pivot to a wellness company from a diet brand. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 46 cents, adjusted, vs. 60 cents expectedRevenue: $330 million vs.
$347 million expected WW reported adjusted fourth-quarter earnings of 46 cents per share, falling well short of the 60 cents per share analysts polled by Refinitiv had expected. Sales reached $330 million, also coming in below the $347 million Wall Street had expected. For 2019, WW said it expects to generate about $1.4 billion in revenue. Analysts polled by Refinitiv had been predicting $1.66 billion in sales for the year.
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