Medifast Inc. (MED) on Thursday reported first-quarter net income of $4.4 million.
On a per-share basis, the Owings Mills, Maryland-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, came to 46 cents per share.
The weight-loss company posted revenue of $73.4 million in the period.
For the current quarter ending in June, Medifast said it expects revenue in the range of $72 million to $74 million.
The company expects full-year earnings to be $1.85 to $1.95 per share, with revenue ranging from $285 million to $300 million.
Medifast shares have decreased almost 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.95, an increase of 6 percent in the last 12 months.