Home Blockchain News Billionaire Oprah Winfrey Loses $50 Million in Weight Watchers Shares after 30% Plunge

Billionaire Oprah Winfrey Loses $50 Million in Weight Watchers Shares after 30% Plunge

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Shares of fitness firm WW, which was formerly known as Weight Watchers International, plunged 30% in pre-market hours on Wednesday wiping out nearly $50 million of the stake that Oprah Winfrey holds in the company, according to CNBC. The drop in the stock came after the dieting firm released disappointing 4th quarter and full-year 2018 results. While analysts had been expecting earnings per share to come in at 60 cents, the actual EPS was 46 cents. Revenues for the fourth quarter of 2018 came in at $330 million against the $347 million that was expected. WW generated $1.5 billion in

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* First published on ccn.com

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