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Medifast: 4Q Earnings Snapshot

February 26, 2021 GMT

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.

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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