WW stock tanks more than 10% as company’s revenue drops 14%

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

WW International Inc. WW, +2.88%, formerly known as Weight Watchers, late Thursday missed the revenue forecast for its third quarter and said revenue for the year will come at the lower end of its expectations. The stock dropped more than 10% in the extended session. WW earned $43.7 million, or 54 cents a share, in the quarter, swinging from a loss of $206 million, or $2.93 a share, in the prior-year period. Revenue dropped 14% to $214.9 million, the company said.

The company said 2023 revenues are expected to be at the low end of its previous guidance of between $890 million and $910 million. “As anticipated, the strategic decisions to promote long-term commitment plans and to wind down our low-margin consumer-products business pressured revenues in the quarter,” Chief Executive Heather Stark said in a statement.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These 10 portfolio names outperformed the stock market amid the October declineDespite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Jim Cramer's top 10 things to watch in the stock market WednesdayFed day. No interest rate hike expected. Treasury accelerates size of bond auctions
La source: CNBC - 🏆 12. / 72 Lire la suite »

E.l.f.’s stock jumps 10% on earnings, revenue beat; strong guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Fastly’s stock is up 10% on better-than-expected earnings, revenueJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »