Weight Watchers Int'l Q1 Profit Declines; Lifts FY14 EPS Outlook - Quick Facts

(RTTNews) - Weight Watchers International, Inc. (WTW) Wednesday reported first-quarter net income of $21.5 million or $0.38 per share, down from $48.8 million or $0.87 per share in the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $409.4 million from $490.8 last year. Analysts expected revenues of $399.20 million.

Looking ahead to the fiscal year 2014, the company raised its earnings guidance to a range of $1.45 to $1.70 per share from its prior range of $1.30 and $1.60 per share. Analysts currently expect full-year earnings of $1.40 per share.