Weight Watchers International Inc (WTW) revealed earnings for third quarter that retreated compared to the same period last year.
The company said its profit fell to $22.5 million, or $0.39 per share. This was lower than $38.3 million, or $0.68 per share, in last year's third quarter.
Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 20.8% to $273.3 million. This was down from $345.2 million last year.
Weight Watchers International Inc earnings at a glance:
-Earnings (Q3): $22.5 Mln. vs. $38.3 Mln. last year.
-Earnings Decline (Y-o-Y): -41.3%
-EPS (Q3): $0.39 vs. $0.68 last year.
-EPS Decline (Y-o-Y): -42.6%
-Analysts Estimate: $0.29
-Revenue (Q3): $273.3 Mln vs. $345.2 Mln last year.
-Revenue Change (Y-o-Y): -20.8%
-Guidance:
Full year EPS guidance: $0.64 - $0.74
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