Medifast: 4Q Earnings Snapshot
BALTIMORE (AP) _ Medifast Inc. (MED) on Wednesday reported fourth-quarter profit of $19.9 million.
The Baltimore-based company said it had profit of $1.66 per share. Earnings, adjusted for pretax gains, came to $1.19 per share.
The weight-loss company posted revenue of $170.6 million in the period.
For the year, the company reported profit of $77.9 million, or $6.43 per share. Revenue was reported as $713.7 million.
For the current quarter ending in April, Medifast said it expects revenue in the range of $166 million to $171 million.
The company expects full-year earnings to be $6.25 to $6.55 per share, with revenue ranging from $715 million to $745 million.
Medifast shares have fallen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $94.49, a decrease of 28% in the last 12 months.