financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Medifast Shares Drop as Q1 Adjusted Earnings, Revenue Decline; Sets Q2 Guidance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Medifast Shares Drop as Q1 Adjusted Earnings, Revenue Decline; Sets Q2 Guidance
Apr 30, 2024 12:01 PM

02:31 PM EDT, 04/30/2024 (MT Newswires) -- Medifast ( MED ) shares were more than 18% in recent trading on Tuesday, a day after the company's Q1 adjusted earnings miss consensus.

The company reported Q1 adjusted earnings Monday of $0.66 per diluted share, down from $3.67 a year earlier.

Analysts polled by Capital IQ expected $0.80 per share.

Revenue for the quarter ended March 31 fell to $174.7 million from $349 million a year earlier. Analysts surveyed by Capital IQ estimated $173.5 million.

For Q2, the company expects diluted EPS of $0.05 to $0.40 on revenue of $150 million to $170 million. Analysts polled by Capital IQ expect EPS of $0.90 on revenue of $157.4 million.

Price: 28.54, Change: -6.97, Percent Change: -19.63

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Workday Insider Sold Shares Worth $13,552,624, According to a Recent SEC Filing
Workday Insider Sold Shares Worth $13,552,624, According to a Recent SEC Filing
Oct 17, 2024
05:12 PM EDT, 10/15/2024 (MT Newswires) -- David A Duffield, 10% Owner, on October 14, 2024, sold 56,000 shares in Workday (WDAY) for $13,552,624. Following the Form 4 filing with the SEC, Duffield has control over a total of 383,997 shares of the company, with 102,997 shares held directly and 281,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1327811/000132781124000220/xslF345X05/wk-form4_1729026469.xml ...
 Constellation Brands Insider Sold Shares Worth $370,809, According to a Recent SEC Filing
Constellation Brands Insider Sold Shares Worth $370,809, According to a Recent SEC Filing
Oct 17, 2024
05:13 PM EDT, 10/15/2024 (MT Newswires) -- Samuel J Glaetzer, Executive Vice President and President, Wine and Spirits, on October 14, 2024, sold 1,510 shares in Constellation Brands ( STZ ) for $370,809. Following the Form 4 filing with the SEC, Glaetzer has control over a total of 4,970 shares of the company, with 4,970 shares held directly. SEC Filing:...
 Murphy Oil Files Mixed Securities Shelf
Murphy Oil Files Mixed Securities Shelf
Oct 17, 2024
05:10 PM EDT, 10/15/2024 (MT Newswires) -- Murphy Oil ( MUR ) filed a shelf registration statement with the US Securities and Exchange Commission Tuesday covering the potential sale of securities from time to time in one or more offerings. The statement covers common and preferred shares, depositary shares, senior debt securities, subordinated debt securities, warrants, purchase contracts, and units....
 --Liberty Energy Boosts Quarterly Cash Dividend $0.01 to $0.08 a Share, Payable Dec. 20 to Holders of Record Dec. 6
--Liberty Energy Boosts Quarterly Cash Dividend $0.01 to $0.08 a Share, Payable Dec. 20 to Holders of Record Dec. 6
Oct 17, 2024
04:50 PM EDT, 10/15/2024 (MT Newswires) -- Price: 20.25, Change: +0.45, Percent Change: +2.27 ...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved