Weight management firm WW International missed Q2 earnings targets, causing a share price drop.
Weight management firm WW International missed its Q2 earnings target, with EPS at ($0.13) versus expected $0.03, revenue at $202.07M versus expected $210.89M, resulting in share price decrease to $0.85. WESCO International also experienced a decline in revenue growth over the past 3 months, with its shares trading down $6.99 during midday trading, reaching $151.76. Both companies have seen insider selling, with WESCO experiencing major shareholder Equity Investors Vii L. Green selling 1.75M shares.
August 02, 2024
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