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.