Weight Watchers International, Inc. (WTW) Stock Soars on Q1 Earnings Beat

WTW released an updated outlook for 2016

Weight Watchers International, Inc. (WTW) saw its stock go up Thursday after it released its Q1 2016 earnings report.

Weight Watchers, WTW stockWeight Watchers reported losses per share of 17 cents for the quarter. This is worse than the losses of 9 cents during the same time last year. However, it did come in one penny above what analysts were expecting.

WTW’s revenue for Q1 2016 was $306.9 million, which is down from the $322.1 million it reported in Q1 2015. It also didn’t meet the $316.9 million in revenue that Wall Street was expecting for the quarter.

Weight Watchers also increased its outlook for EPS in 2016 to be between 80 cents and $1.05. Analysts are expecting EPS of 87 cents for the year.

WTW shares were up 5% as of Thursday morning.

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