NEW YORK (AP) _ Weight Watchers International Inc. (WW) on Thursday reported a first-quarter loss of $10.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 16 cents.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The weight-loss program operator posted revenue of $363.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $362.2 million.
Weight Watchers expects full-year earnings to be $1.35 to $1.55 per share, with revenue expected to be $1.4 billion.
Weight Watchers shares have fallen 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.29, a drop of 72% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WW at https://www.zacks.com/ap/WW