Weight Watchers (WW) shares plunge after mixed third-quarter results


Mindy Grossman took the helm of Weight Watchers in 2017. Under Grossman, the company shortened its name to WW. 

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Shares of WW, formerly Weight Watchers, plunged as much as 15% on Tuesday after the company released mixed third-quarter results.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 68 cents per share vs. 66 cents per share expected
  • Revenue: $348.6 million vs. $353 million expected

WW reported third-quarter net income of $47.1 million, or 68 cents a share, down 33%, from $70.1 million, or $1 a share, in the year-ago quarter. Sales rose about 5%, to $348.6 million, from $365.8…

Source cnbc.com

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