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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.

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Weight Watchers is taking off after the company reported stronger than expected first quarter earnings.

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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