Weight Watchers International Inc (NASDAQ:WTW) tumbled Wednesday after delivering a forecast for fiscal 2019 that trailed the estimates of Wall Street analysts. The wellness and weight-loss company that has rebranded itself as WW said a day earlier that for 2019 it expected earnings of $1.25 to $1.50 per fully diluted share on revenue of about $1.4 billion. The average estimate of analysts was for earnings per share of $3.43 on revenue of $1.66 billion.
The stock sank 34% to $19.60 in Nasdaq trading.
Tandem Diabetes Care Inc (NASDAQ:TNDM) rallied after announcing a succession plan and posting better-than-expected fourth-quarter results. The company said CEO Kim D. Blickenstaff will move to the new post of executive chairman after 12 years of service while John F. Sheridan will succeed him effective March 1. For the fourth quarter ended December 31, the company reported earnings per share of $0.02 on sales of $76 million. The average forecast of analysts was for a loss of $0.20 per share on revenue of $56.34 million.
Shares gained 27% to $62.50 on the Nasdaq.
Blue Apron Holdings Inc (NYSE:APRN) sank after Bloomberg reported that an offering of 15 million shares was priced at a discount to the Tuesday close. The offering was priced at $1.15 per share, according to Bloomberg, which cited a person familiar with the matter. The company has a partnership with Weight Watchers.
The stock declined 15% to $1.10 in New York trading.
Dycom Industries Inc (NYSE:DY) tumbled after the contracting services provider delivered its first-quarter guidance. For the period ended April 27, the company expects contract revenue to range from $750 million to $800 million. The average estimate of analysts was for $784.06 million.
The stock was down 29% to $44.17 in New York trading.
The Russell 2000 index of small-cap stocks was little changed at 1,577.54.
Contact Dennis Fitzgerald at [email protected]