Business Services Industry
Past & Future.(In the Markets)(WW Group Inc.)(Brief article)
Crain's New York Business, May, 2006
Go figure. Last week, Weight Watchers reported quarterly earnings of 56 cents, a gain of 14% over the year-earlier period and one penny better than analysts had forecast. Despite the gains, the company's shares took a beating, falling 10% in the last week. With big mergers and acquisitions booming, times couldn't be finer at Lazard and Greenhill & Co., two firms that specialize in corporate matrimonial advice.
Last week, Lazard posted a 68% jump in quarterly earnings, thanks to fees from advising Pfizer and others. Meanwhile, Robert Greenhill raked in $78 million from selling more shares in his firm. Lazard's shares rose 2% last week, and Greenhill's rose nearly 5%. After rising nearly 20% in the last year, shares of Barnes & Noble will be tested this week,...
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