Why WW (WW) Shares Are Sliding Today
Shares of personal wellness company WW (NASDAQ:WW) fell 27.7% in the pre-market session after the company reported fourth-quarter results with its gross margin, operating margin, and EPS falling short of Wall Street's expectations. Free cash flow also turned negative as it failed to sustain the positive cash flow recorded last quarter. Furthermore, WW's full-year revenue and operating income guidance missed analysts' estimates as the company decided to wind down its low-margin consumer products