BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Monday reported profit of $40 million in its first quarter.
On a per-share basis, the Baltimore-based company said it had profit of $3.67.
The weight-loss company posted revenue of $349 million in the period.
Medifast expects full-year earnings to be $1.32 to $1.44 per share, with revenue in the range of $250 million to $270 million.
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