The food and nutrition system swung to a loss of $0.16 per share after posting $0.56 per share in the year ago quarter, but beat Street estimates of a $0.26 per share loss.
Investors were excited about a different kind of points, boosting shares more than 13% to $23.
Looking forward, the company expects Oprah's 10% stake to get a bit more valuable. It projects full year EPS between $1.35 and $1.55, with the entire range topping analyst expectations of $1.34.
“Trends improved sequentially throughout the quarter, resulting in 4.6 million subscribers at quarter end, up 1% year-over-year,” President and CEO Mindy Grossman said. “We are confident that our strategy to focus on providing holistic wellness solutions leveraging our best-in-class weight management program is the right path to support long-term sustainable growth.”
Revenue dipped 11% to $363.2 million, topping expectations of $357.7 million. End of period subscribers were up nearly 1% driven largely by strong digital growth.
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