Weight Watchers International (WTW) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.18. The company posted revenue of $306.90 million in the period, compared to analysts expectations of $308.90 million. The company’s revenue was down -4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.
Weight Watchers International opened for trading at $13.15 and hit $13.6 on the upside on Monday, eventually ending the session at $13.31, with a gain of 2.78% or 0.36 points. The heightened volatility saw the trading volume jump to 17,61,544 shares. Company has a market cap of $847 M.
In a different news, on Mar 3, 2016, Sacha Lainovic (director) purchased 83,125 shares at $12.03 per share price. According to the SEC, on Mar 3, 2016, Philippe Amouyal (director) purchased 30,000 shares at $11.86 per share price. On Aug 13, 2015, Denis F Kelly (director) purchased 10,000 shares at $5.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Weight Watchers International Inc. is a provider of weight management services. The company operates globally through a network of Company-owned and franchise operations. The Company provides Services and Products including: Weight Management Plans Clinical Efficacy and Meetings. Weight Management Plans provides weight management program comprised of nutritional exercise and behavioral tools and approaches. Clinical Efficacy offers clinically-studied commercial weight management programs. Meetings present the Company’s program food plans exercise behavior modification and group support. The company operates through North America United Kingdom Continental Europe and Other segments.