Weight Watchers is taking off after the company reported stronger than expected first quarter earnings.
Weight Watchers posts dynamite earnings, and the stock is soaring
Weight Watchers posted an unexpected profit of $0.16 per share, much higher than analysts' expectations of $0.04 per share.
The weight loss company posted an unexpected profit of $0.16 per share, much higher than analysts' expectations of $0.04 per share.
The firm also beat on revenue as well, generating $329 million for the quarter. This was above the $323 million estimated by analysts.
Additionally, the company raised its guidance for the full year EPS to $1.40 to $1.50. The company has previously projected $1.30 to $1.40 per share for the year.
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Following the news, share of Weight Watchers soared in post-market trading. As of 4:28 p.m. ET, the stock was up 11.4% to $23.60 per share.
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