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Medifast: 2Q Earnings Snapshot

August 1, 2019

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.

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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

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