4/30/14 6:19 PM ET (MarketWatch)
By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) -- Weight Watchers International Inc. shares jumped in the extended session Wednesday after the company topped Wall Street estimates and boosted its earnings outlook for the year.
Weight Watchers (WTW) shares surged 14% to $22.50 on heavy volume after the company reported adjusted first-quarter earnings of 31 cents a share on revenue of $409.4 million. Analysts surveyed by FactSet estimated 9 cents a share on revenue of $399 million.
The company also forecast 2014 earnings of $1.45 to $1.70 a share, while analysts expect $1.40 a share.
Yelp Inc. (YELP) shares rose after an initial downturn after the online review and recommendation company's results. Shares rose 3.7% to $60.46 on heavy volume.
Yelp reported a first-quarter loss of 4 cents a share on revenue of $76.4 million. Analysts expected a loss of 6 cents a share on revenue of $75 million.
MetLife Inc. (MET) shares fell 1.4% to $51.60 on moderate volume after the insurer reported first-quarter operating earnings of $1.37 a share on revenue of $17.12 billion. Analysts expected $1.40 a share on revenue of $17.66 billion.
Hologic Inc. (HOLX) shares rose 5.8% to $22.20 on moderate volume after the company reported fiscal second-quarter earnings of 37 cents a share on revenue of $625 million. Analysts estimated 33 cents a share on revenue of $609.2 million.
The company also raised its full-year outlook to a range of $1.37 to $1.40 a share in earnings on revenue of $2.46 billion to $2.49 billion. Analysts expect $1.37 a share on revenue of $2.46 billion.
JDS Uniphase Corp. (JDSUD) shares fell 6.5% to $11.85 on heavy volume after the telecom equipment maker reported fiscal third-quarter earnings of 10 cents a share on revenue of $418 million. Analysts expected 11 cents a share on revenue of $431.8 million.
JDS Uniphase also forecast adjusted fourth-quarter earnings of 10 cents to 14 cents a share on revenue of $425 million to $445 million. Analysts estimate 17 cents a share on revenue of $459.1 million.
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-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 30, 2014 18:19 ET (22:19 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
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