By: Dividend Daily
February 15, 2012 at 08:31 AM EST
Weight Watchers Q4 Earnings Disappoint; Wide Forecast Could Miss (WTW)
Weight management specialist Weight Watchers International, Inc. (WTW) late Tuesday posted better-than-expected fourth quarter earnings but offered a somewhat tepid 2012 forecast.
The New York-based company reported fourth quarter net income of $63.7 million, or 86 cents per share, compared with $48.9 million, or 66 cents per share, in the year-ago period.
Revenue rose 12.5% from last year to $401.3 million.
On average, Wall Street analysts expected a slightly higher profit of 87 cents per share, on larger revenue of $412.1 million.
Looking ahead, the company forecast full-year 2012 earnings to range from $4.20 to $4.60 per share, while analysts are looking for $4.58 per share for the year.
Weight Watchers shares fell $1.84, or -2.3%, in premarket trading Wednesday.
The Bottom Line
Weight Watchers International, Inc. (WTW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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