Shares of Weight Watchers International Inc. plunged late Thursday after the company reported second-quarter sales below Wall Street expectations. Weight Watchers said it earned $31 million, or 46 cents a share, compared with $28 million, or 49 cents a share, in the year-ago period. Sales reached $310 million in the quarter, unchanged from the year-ago period. Analysts polled by FactSet had expected the company to report earnings of 46 cents a share on sales of $318 million. Shares fell 8% after hours after ending the regular session up 5.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News