Medifast (NYSE:MED) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Medifast beat estimated earnings by 13.54%, reporting an EPS of $1.09 versus an estimate of $0.96.

Revenue was down $146.23 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $1.06 which was followed by a 2.5% drop in the share price the next day.

Here's a look at Medifast's past performance:

To track all earnings releases for Medifast visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.