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Weight Watchers International Inc.
WTW, + 0.61%
The end of Tuesday announced mixed results for the fourth quarter and weak forecasts, saying the beginning of the year was smoothly "until 2019" and that shares plunged by more than 30% . The company said it earned $ 44 million, or 63 cents a share, in the quarter, up from $ 63 million, or 91 cents a share, in the same quarter of the previous year. Revenues rose 6% to $ 330 million. Analysts surveyed by FactSet were expecting earnings per share of 60 cents on a $ 347 million business figure. For the year, Weight Watchers expects revenue of approximately $ 1.4 billion and earnings between $ 1.25 per share and $ 1.50 per share. Analysts surveyed by FactSet expect a EPS for 2019 of about $ 3.38 on a $ 1.7 billion business figure. The stock closed the trading day up 0.6%, but shares were halted after closing. When trading resumed at 4:35 pm Eastern Time, the stock immediately plunged more than 30% into transactions after regular business hours.
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