Medifast: Q2 Earnings Snapshot

BALTIMORE (AP) _ Medifast Inc. (MED) on Wednesday reported second-quarter earnings of $47 million.

The Baltimore-based company said it had profit of $3.96 per share.

The weight-loss company posted revenue of $394.2 million in the period.

Medifast expects full-year earnings to be $12.70 to $14.17 per share, with revenue in the range of $1.43 billion to $1.53 billion.

Medifast shares have risen 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $288.07, an increase of 65% 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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