BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported earnings of $6 million in its fourth quarter.
On a per-share basis, the Baltimore-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs, were $1.09 per share.
The weight-loss company posted revenue of $191 million in the period.
For the year, the company reported profit of $99.4 million, or $9.10 per share. Revenue was reported as $1.07 billion.
For the current quarter ending in March, Medifast expects its per-share earnings to range from 25 cents to 95 cents.
The company said it expects revenue in the range of $155 million to $175 million for the fiscal first quarter.
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