Weight Watchers International (WTW) reported first quarter net income of $0.74 per share after the close Wednesday, down from $1.00 per share in the previous year. The consensus estimate was for EPS of $0.78.
Weight Watchers International gapped open dramatically lower Thursday and declined during the first 2 hours of trade. Shares finished down by 13.72 at $62.29 on above average volume. The stock dropped to a 4-month low and fell beneath its 200-day moving average.
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