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Medifast: 1Q Earnings Snapshot

BALTIMORE (AP) _ Medifast Inc. (MED) on Thursday reported first-quarter profit of $12.2 million.

On a per-share basis, the Baltimore-based company said it had profit of $1.01.

The weight-loss company posted revenue of $98.6 million in the period.

For the current quarter ending in July, Medifast said it expects revenue in the range of $99 million to $102 million.

The company expects full-year earnings to be $3.55 to $3.65 per share, with revenue ranging from $385 million to $395 million.

Medifast shares have increased 42 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $99.35, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MED at https://www.zacks.com/ap/MED