Weight Watchers stock plummets more than 30% after earnings show mixed results, weak guidance

WTW, +0.61% late Tuesday reported mixed fourth-quarter results and weak guidance, saying it had a "soft start" to 2019, and shares plunged more than 30%. The company said it earned $44 million, or 63 cents a share, in the quarter, compared with $63 million, or 91 cents a share, in the year-ago period. Revenue rose 6% to $330 million. Analysts polled by FactSet had expected earnings of 60 cents a share on sales of $347 million.

The stock ended the trading day up 0.6%, but shares were halted after the close. When trading resumed at 4:35 p.m. Eastern time, the stock immediately plunged more than 30% in after-hours trading. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. var smscript=document.createElement; smscript.src='https://smartasset.com/snippet.js'; s.parentNode.

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WW, formerly Weight Watchers, craters 28 percent after posting weak 4Q results and 2019 forecastWW, 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. R.I.P. So are you saying the stock is losing weight at a dangerous pace? Everyone is smoking weed now and has the munchies.
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Here comes Weight Watchers... (WTW) | Markets InsiderWeight Watchers crashes as earnings guidance is less than half of what was expected '...after unloading bunch of her Weight Watchers shares...' Proofread much?
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Oprah’s stake in Weight Watchers has shrunk by half a billion dollarsSince Weight Watchers announced a name change and a new tagline in September, the company’s stock has dropped by 60 percent. Get woke, go broke? I am no fan of the name change. I did have major success using WW. But, it was a starting place to learn about food and how to eat. Dumb name change and tag though, sorry. Think of the weight you lose by shedding all that coin, tho.
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