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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.
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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.
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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