Weight Watchers shares fell by as much as 10% in after-hours trading on Thursday after the company reported second-quarter revenue that was short of analysts' estimates.
The weight-loss-assistance company said it earned $309.8 million, but analysts were expecting $318.5 million according to Bloomberg. Adjusted earnings per share matched forecasts at $0.46.
Weight Watchers said its number of subscribers rose 5% year-on-year during the quarter. Last October, Oprah Winfrey bought a stake in the company and joined its board, a move that lifted the shares 100% in a day, and was expected to address a decline in active memberships.
The company's shares had cratered 50% this year through Thursday's close. This chart shows the drop in after-hours trading:
