Medifast Inc. earnings fell 45 percent in the second quarter as the company continues to pour resources into growing its Take Shape For Life business unit. The Owings Mills-based weight-loss company reported earnings of $3.4 million, or 29 cents per share, for the second quarter ending June 30. That’s down from $6.2 million, or 48 cents per share, in the year-ago. The earnings missed Wall Street’s estimates. Analysts polled by Thomson Financial Network projected net income coming in at 51 cents…
from http://www.bizjournals.com/baltimore/news/2016/08/03/medifast-profit-drops-45-percent-in-2q.html?ana=RSS%26s=article_search
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