trending Market Intelligence /marketintelligence/en/news-insights/trending/76wtjHmyRqRPn17BVGUpGA2 content esgSubNav
In This List

Medifast profit beats consensus by 16.4% in Q2

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Medifast profit beats consensus by 16.4% in Q2

Medifast Inc. said its second-quarter normalized net income came to 59 cents per share, compared with the S&P Capital IQ consensus estimate of 51 cents per share.

EPS increased 25.7% year over year from 47 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.0 million, a gain of 22.9% from $5.7 million in the prior-year period.

The normalized profit margin rose to 9.8% from 7.9% in the year-earlier period.

Total revenue decreased year over year to $71.1 million from $72.2 million, and total operating expenses declined 5.1% year over year to $60.0 million from $63.2 million.

Reported net income fell 40.9% from the prior-year period to $3.4 million, or 29 cents per share, from $5.8 million, or 48 cents per share.