NutriSystem Up Slightly After Q2 Results

NutriSystem NTRI released its fiscal second-quarter earnings results after the closing bell on Monday. The company reported earnings per share that came in ahead of consensus estimates, but revenue that missed expectations. In late trade, the stock was last up 0.61 percent to $11.57. Management Commentary Dawn Zier, President and Chief Executive Officer, said, “Year-to-date adjusted earnings increased 8 cents from the prior year, up 57%, driven by continued gross margin improvement, careful management of marketing spend and G&A expense discipline. We successfully increased our average selling price through the execution of cross-sell initiatives and reduced discounting, as well as improved our reactivation yield through segmentation and targeting. While response and conversion remained challenged, these improvements, combined with our retail success at Walmart, are enabling us to deliver on the plan we outlined at the start of the year.” Related: See all of Monday's market movers in Benzinga's Market-Wrap. Fiscal Q2 Financial Results The company reported net income of $6.4 million or $0.22 per share. This compared to analysts' consensus EPS estimates of $0.19. Revenue in the quarter was $97.5 million, which came up short of Wall Street analysts' consensus revenue estimates of $100.30 million.