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BALTIMORE (AP) _ Medifast Inc. (MED) on Tuesday reported first-quarter earnings of $18.5 million.
On a per-share basis, the Baltimore-based company said it had profit of $1.56. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The weight-loss company posted revenue of $178.5 million in the period.
Medifast shares have fallen 31% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $75.33, a decrease of 50% 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 MED at https://www.zacks.com/ap/MED
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