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Medifast: Q4 Earnings Snapshot
BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported fourth-quarter earnings of $26.5 million.
On a per-share basis, the Baltimore-based company said it had net income of $2.41. Earnings, adjusted for restructuring costs and non-recurring costs, were $3.70 per share.
The weight-loss company posted revenue of $337.2 million in the period.
For the year, the company reported profit of $143.6 million, or $12.73 per share. Revenue was reported as $1.6 billion.
BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported fourth-quarter earnings of $26.5 million.
On a per-share basis, the Baltimore-based company said it had net income of $2.41. Earnings, adjusted for restructuring costs and non-recurring costs, were $3.70 per share.
The weight-loss company posted revenue of $337.2 million in the period.
For the year, the company reported profit of $143.6 million, or $12.73 per share. Revenue was reported as $1.6 billion.
For the current quarter ending in March, Medifast said it expects revenue in the range of $300 million to $320 million.
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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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