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Medifast posts 4Q profit

OWINGS MILLS, Md. (AP) _ Medifast Inc. (MED) on Thursday reported fourth-quarter net income of $4.1 million.

On a per-share basis, the Owings Mills, Maryland-based company said it had profit of 34 cents.

The weight-loss company posted revenue of $62.5 million in the period.

For the year, the company reported profit of $17.8 million, or $1.49 per share. Revenue was reported as $274.5 million.

For the current quarter ending in April, Medifast said it expects revenue in the range of $69 million to $73 million.

The company expects full-year earnings to be $2 to $2.10 per share, with revenue ranging from $290 million to $300 million.

Medifast shares have risen 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.38, a climb of 41 percent 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


Keywords: Medifast, Earnings Report