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Weight Watchers profit beats estimates

Wed Mar 4, 2009 5:50pm EST

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(Reuters) - Weight Watchers International Inc (WTW.N) posted quarterly earnings that topped market estimates, helped by reduction in the company's tax charges in the U.K.

The New York-based company reported a fourth-quarter net income of $47.6 million, or 62 cents per share, compared with $39.8 million, or 50 cents per share, a year ago.

According to Reuters Estimates, excluding items, the company posted earnings of 56 cents a share.

Analyst on average expected company to post earnings of 52 cents per share, before items, on revenue of $355.07 million, according to Reuters Estimates.

Weight Watchers forecast full-year 2009 earnings in the range of $2.50 to $2.75 per share.

Shares of the company closed at $16.89 Wednesday on the New York Stock Exchange. They had touched $16.41, their lowest since the company went public in 2001.

(Reporting by Poojya Trivedi in Bangalore; Editing by Jarshad Kakkrakandy)


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