Medifast: 4Q Earnings Snapshot
BALTIMORE (AP) _ Medifast Inc. (MED) on Thursday reported fourth-quarter profit of $28 million.
The Baltimore-based company said it had profit of $2.36 per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $2.36 per share.
The weight-loss company posted revenue of $264.9 million in the period.
For the year, the company reported profit of $102.9 million, or $8.68 per share. Revenue was reported as $934.8 million.
Medifast shares have increased 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $254.75, more than doubling in the last 12 months.