Medifast: 2Q Earnings Snapshot
BALTIMORE (AP) _ Medifast Inc. (MED) on Thursday reported second-quarter earnings of $21.4 million.
The Baltimore-based company said it had profit of $1.75 per share.
The weight-loss company posted revenue of $187.1 million in the period.
For the current quarter ending in October, Medifast said it expects revenue in the range of $190 million to $195 million.
The company expects full-year earnings to be $6.75 to $6.95 per share, with revenue ranging from $730 million to $750 million.
Medifast shares have declined 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $111.19, a fall of 34% in the last 12 months.