Weight Watchers Rises After Quarterly Profit Beats Estimates
This article is for subscribers only.
Weight Watchers International Inc. rose 35 percent after posting third-quarter profit and sales that topped analysts’ estimates, helped by cost cuts.
Profit in the quarter was 39 cents a share, excluding some items, the New York-based company said Thursday in a statement. Analysts estimated 29 cents, on average. While revenue fell 21 percent to $273.3 million, that beat analysts’ $266.3 million average projection.