WW Announces Second Quarter 2021 Results
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'A Punch to the Gut': WW International (WW) Crashes 25% on Disappointing Q2 and Guidance, Jefferies Downgrades to 'Hold'
August 11, 2021 10:00 AM EDTShares of WW International (NASDAQ: WW) have opened 25% lower Wednesday after the fitness and weight-loss company reported mixed Q2 earnings.
Revenue for the quarter came in at $311.5 million, lower than $333.6 million reported a year ago and below $337.1 million expected from surveyed market analysts. Net income was reported at $0.12 per share, a massive miss compared to the $0.65 consensus and the $0.20 reported a year ago.
"We ended the quarter with 4.9 million subscribers, including 4.1 million Digital subscribers -- an all-time second quarter-end high... More
