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Sunday, 11/04/2018 4:01:46 PM

Sunday, November 04, 2018 4:01:46 PM

Post# of 1063
Why Weight Watchers International, Inc. Stock Sank Today
Motley Fool
Steve Symington, The Motley Fool
Motley FoolNovember 2, 20182 Comments
What happened
Shares of Weight Watchers International Inc. (NASDAQ: WTW) -- which rebranded itself as WW last month -- plummeted 29.7% on Friday, after the weight-loss products and services company announced underwhelming third-quarter 2018 results.

That's not to say WW's performance looked bad on the surface. Revenue climbed 13% year over year to $365.8 million, while adjusted net income climbed more than 50% to $0.94 per share. Analysts, on average, were expecting adjusted earnings of $0.99 per share on revenue of $365.8 million.
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