BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported third-quarter profit of $13.8 million.

On a per-share basis, the Baltimore-based company said it had net income of $1.14.

The weight-loss company posted revenue of $139.2 million in the period.

For the current quarter ending in December, Medifast said it expects revenue in the range of $137.3 million to $142.3 million.

The company expects full-year earnings to be $4.45 to $4.50 per share, with revenue ranging from $492.5 million to $497.5 million.

Medifast shares have more than tripled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $214.88, more than tripling in the last 12 months.

—————

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

Automated Insights

Load comments