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Nutrisystem tops Street 4Q forecasts

FORT WASHINGTON, Pa. (AP) _ Nutrisystem Inc. (NTRI) on Monday reported fourth-quarter net income of $10.9 million.

On a per-share basis, the Fort Washington, Pennsylvania-based company said it had profit of 36 cents. Earnings, adjusted for non-recurring costs, were 42 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The weight-loss company posted revenue of $131.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $129.1 million.

For the year, the company reported profit of $57.9 million, or $1.90 per share. Revenue was reported as $697 million.

For the current quarter ending in April, Nutrisystem said it expects revenue in the range of $204 million to $209 million.

The company expects full-year earnings to be $1.99 to $2.09 per share, with revenue ranging from $685 million to $705 million.

Nutrisystem shares have decreased 24 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.90, a climb of almost 5 percent in the last 12 months.

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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 NTRI at https://www.zacks.com/ap/NTRI