Shares of Medifast MED rose 9.75% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 120.45% over the past year to $2.91, which beat the estimate of $2.46.
Revenue of $271,470,000 up by 42.83% year over year, which beat the estimate of $240,620,000.
Outlook
Medifast hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Price Action
52-week high: $184.29
Company's 52-week low was at $49.03
Price action over last quarter: down 5.74%
Company Overview
Medifast Inc is a US-based company that produces, distributes and sells products concerning weight loss, weight management, and healthy living. The company generates its revenue from point of sale transactions executed over an e-commerce platform for weight loss, weight management, and other consumable health and nutritional products.
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