Medifast Inc.’s profit doubled in the first quarter while revenue grew 40 percent, sending shares soaring in after-market trading. The Baltimore-based dieting and wellness company reported net income of $12.2 million, or $1.01 per share, in the first quarter compared to net income of $6.1 million, or 51 cents per share, in the prior-year quarter. Shares of Medifast (NYSE: MED) were up 3 percent in after-marketing Thursday to $102.33. The stock has exploded this year as Medifast gears up for its…
from https://www.bizjournals.com/baltimore/news/2018/05/03/medifast-shares-surge-after-reporting-profits.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/173556321557
No comments:
Post a Comment