NEW YORK (AP) _ WW International, Inc. (WW) on Tuesday reported a loss of $6.1 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 9 cents. Losses, adjusted for asset impairment costs, came to 4 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The weight-loss program operator posted revenue of $400.4 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $409.1 million.
WW International shares have declined 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.22, an increase of 29% in the last 12 months.