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Medifast: Q1 Earnings Snapshot

BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Monday reported a loss of $2.1 million in its first quarter.

On a per-share basis, the Baltimore-based company said it had a loss of 19 cents.

The weight-loss company posted revenue of $76 million in the period.

For the current quarter ending in June, Medifast said it expects revenue in the range of $60 million to $80 million.

The company expects a full-year loss of $1.75 to $1.55 per share, with revenue ranging from $270 million to $300 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MED at https://www.zacks.com/ap/MED

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