Medifast: Q4 Earnings Snapshot

Associated Press Finance
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BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported earnings of $6 million in its fourth quarter.

On a per-share basis, the Baltimore-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The weight-loss company posted revenue of $191 million in the period.

For the year, the company reported profit of $99.4 million, or $9.10 per share. Revenue was reported as $1.07 billion.

For the current quarter ending in March, Medifast expects its per-share earnings to range from 25 cents to 95 cents.

The company said it expects revenue in the range of $155 million to $175 million for the fiscal first quarter.

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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

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