Tuesday, November 7, 2017

Medifast profit beats estimates as sales rise almost 13 percent

Medifast Inc. reported an almost 10 percent increase in profit in the third quarter and beat Wall Street expectations. The Owings Mills-based wellness and dieting company posted earnings of $6.7 million, or 55 cents per share, up from $6.1 million, or 51 cents per share, in the year-ago quarter. Analysts polled by the Thomson Financial Network projected earnings per share of 51 cents. For the third quarter, Medifast (NYSE: MED) revenue increased 12.6 percent to $77.2 million from $68.6 million…



from https://www.bizjournals.com/baltimore/news/2017/11/07/medifast-profit-beats-estimates-as-sales-rise.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/167247084872

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