WW International, Inc. (WW) reported an increased loss for its fourth quarter, compared to the previous year. This loss also fell short of financial predictions made by Wall Street.
The company's net loss amounted to $88.1 million, equivalent to $1.11 per share. In contrast, the previous year’s fourth quarter saw a loss of $35.8 million, equating to $0.51 per share.
On average, financial analysts had predicted the company's loss to be around $0.06 per share. These estimations were based on figures collected by Thomson Reuters and often do not include rare or unexpected expenses.
The company's revenue for the quarter also experienced a decline. It fell by 7.6%, amounting to $206.0 million compared to last year's total of $222.9 million.
Here's a quick view of WW International, Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings for Q4: a loss of $88.1 million compared to a loss of $35.8 million last year.
- Q4 Earnings per share (EPS): a loss of $1.11 compared to a loss of $0.51 last year.
- Analyst Estimate: a projected loss of $0.06 per share.
- Revenue for Q4: $206.0 million compared to $222.9 million last year.
