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Earnings

Weight Watchers shares shed 15% on weak guidance

A Weight Watchers center in Culver City, Calif.
Jordan Strauss | WireImage | Getty Images

Weight Watchers' stock tumbled in after-hours trade Thursday after the company announced fourth-quarter earnings that missed expectations.

The company reported earnings per share of 7 cents adjusted on $328 million in revenue. EPS matched analyst predictions while revenue missed by $5 million.

The company's new 2015 earnings guidance of 40 cents to 70 cents was shockingly lower than the $1.43 estimate.

Weight Watchers' stock dropped as much as 15 percent as of this story.

This story is developing. Please check back for further updates.

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