BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Monday reported earnings of $8.3 million in its first quarter.
The Baltimore-based company said it had profit of 76 cents per share. Earnings, adjusted for non-recurring gains, came to 66 cents per share.
The weight-loss company posted revenue of $174.7 million in the period.
For the current quarter ending in June, Medifast expects its per-share earnings to range from 5 cents to 40 cents.
The company said it expects revenue in the range of $150 million to $170 million for the fiscal second quarter.
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