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Medifast: 3Q Earnings Snapshot

BALTIMORE (AP) _ Medifast Inc. (MED) on Thursday reported third-quarter earnings of $15.9 million.

The Baltimore-based company said it had net income of $1.32 per share.

The weight-loss company posted revenue of $190.1 million in the period.

For the current quarter ending in December, Medifast said it expects revenue in the range of $157 million to $167 million.

The company expects full-year earnings to be $5.80 to $5.90 per share, with revenue ranging from $700 million to $710 million.

Medifast shares have fallen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $102, a fall of 33% in the last 12 months.


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