AP NEWS

Medifast: 4Q Earnings Snapshot

February 26, 2020 GMT

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.

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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