Weight Watchers International, Inc. (WTW) Thursday reported first-quarter profit of $48.8 million, down from $54.6 million in the comparable quarter last year. However, on a per-share basis, earnings increased 17.7 percent to $0.87 from $0.74 last year.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.62 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $486.9 million, down 3 percent from $503.5 million last year. Analysts expected revenues of $484.25 million.
Looking ahead, the company has narrowed its full-year earnings guidance to a range of range $3.60 to $3.90 per share from the previous guidance range of $3.50 to $4.00 per share. Analysts currently expect earnings of $3.62 per share for the fiscal 2013.
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