<p>WW (NASDAQ: WW) profit for the weight loss company’s fourth quarter 2019, the WW share is higher after the evening on Tuesday. This is because the adjusted earnings per share (EPS) of 42 cents beat Wall Street‘s estimate of 38 cents. Revenue of $ 332.58 million also exceeds analysts’ estimates of $ 330.63 million.
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Let’s take a closer look at the latest WW results report.
Adjusted earnings per share decreased by 33.33% from 63 cents in the fourth quarter of 2018. Revenue for the quarter will be marginally higher than $ 330.39 million during the same period last year. Operating profit of $ 65.89 million is a decrease of 18% compared to the previous year compared to $ 80.35 million. The WW report also includes a net income of $ 29.43 million. This is a decrease of 32.7% compared to the net result of $ 43.73 million in the fourth quarter last year.
Nick Hotchkin, Chief Financial Officer of WW, said this about the WW share income report:
“We ended 2019 with 4.2 million subscribers, a record level at the turn of the year and up 8% from the end of 2018, with subscriber growth in all our major geographic markets. Trends in subscriber growth improved every quarter during the year, a testament to our global team’s focus and efforts to improve the implementation of marketing. ”
WW’s earnings report also includes the outlook for 2020. This expects an adjusted EPS between $ 2.15 and $ 2.40 with revenues approaching $ 1.6 billion. Wall Street estimates EPS is $ 2.11 on revenue of $ 1.48 billion by 2020.
The WW share rose more than 8% after Tuesday.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/02/ww-earnings-send-ww-stock-soaring/.
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