WW International: 2Q Earnings Snapshot
Posted August 4, 2020 5:09 pm.
Last Updated August 4, 2020 5:25 pm.
This article is more than 5 years old.
NEW YORK (AP) _ WW International, Inc. (WW) on Tuesday reported second-quarter net income of $14 million.
The New York-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs, were 67 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The weight-loss program operator posted revenue of $333.6 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $339.3 million.
WW International shares have fallen 31% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.52, a rise of 24% in the last 12 months.
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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
The Associated Press
