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Medifast: Q2 Earnings Snapshot
BALTIMORE (AP) _ Medifast Inc. (MED) on Wednesday reported second-quarter net income of $39.1 million.
On a per-share basis, the Baltimore-based company said it had profit of $3.42. Earnings, adjusted for non-recurring costs, came to $3.87 per share.
The weight-loss company posted revenue of $453.3 million in the period.
Medifast expects full-year earnings in the range of $12.70 to $14.10 per share, with revenue in the range of $1.58 billion to $1.66 billion.
BALTIMORE (AP) _ Medifast Inc. (MED) on Wednesday reported second-quarter net income of $39.1 million.
On a per-share basis, the Baltimore-based company said it had profit of $3.42. Earnings, adjusted for non-recurring costs, came to $3.87 per share.
The weight-loss company posted revenue of $453.3 million in the period.
Medifast expects full-year earnings in the range of $12.70 to $14.10 per share, with revenue in the range of $1.58 billion to $1.66 billion.
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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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