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Medifast profit beats consensus by 21.4% in Q1

4910627 said its normalized net income for the first quarter was 39 cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.

EPS fell 10.9% year over year from 44 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.7 million, a decline of 12.9% from $5.4 million in the year-earlier period.

The normalized profit margin declined to 6.5% from 7.4% in the year-earlier period.

otal revenue declined on an annual basis to $72.3 million from $73.4 million, and total operating expenses came to $64.9 Medifast Inc.