Nutrisystem: 2Q Earnings Snapshot
FORT WASHINGTON, Pa. (AP) _ Nutrisystem Inc. (NTRI) on Monday reported second-quarter net income of $26.1 million.
The Fort Washington, Pennsylvania-based company said it had net income of 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The weight-loss company posted revenue of $191.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $188.4 million.
For the current quarter ending in October, Nutrisystem expects its per-share earnings to range from 50 cents to 55 cents.
The company said it expects revenue in the range of $162 million to $167 million for the fiscal third quarter.
Nutrisystem expects full-year earnings in the range of $2.07 to $2.17 per share, with revenue ranging from $693 million to $708 million.
Nutrisystem shares have dropped 27 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.40, a decline of 32 percent in the last 12 months.