U.S. Markets closed

Nutrisystem beats Street 4Q forecasts

FORT WASHINGTON, Pa. (AP) _ Nutrisystem Inc. (NTRI) on Monday reported fourth-quarter net income of $8.9 million.

On a per-share basis, the Fort Washington, Pennsylvania-based company said it had net income of 29 cents.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The weight-loss company posted revenue of $108.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $100 million.

For the year, the company reported profit of $35.5 million, or $1.19 per share. Revenue was reported as $545.5 million.

For the current quarter ending in April, Nutrisystem said it expects revenue in the range of $202 million to $207 million.

The company expects full-year earnings to be $1.55 to $1.65 per share, with revenue ranging from $630 million to $650 million.

Nutrisystem shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.20, an increase of 65 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 NTRI at https://www.zacks.com/ap/NTRI

_____

Keywords: Nutrisystem, Earnings Report