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Weight Watchers: 3Q Earnings Snapshot

NEW YORK (AP) _ Weight Watchers International Inc. (WTW) on Thursday reported third-quarter net income of $70.1 million.

The New York-based company said it had profit of $1 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The weight-loss program operator posted revenue of $365.8 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $379.7 million.

Weight Watchers expects full-year earnings in the range of $3.15 to $3.25 per share.

Weight Watchers shares have risen 55 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.49, a rise of 52 percent 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 WTW at https://www.zacks.com/ap/WTW