Medifast Reports Q4 EPS of $0.23 vs. $0.32

Medifast, Inc. MED today reported financial results for the fourth quarter. Net revenue increased 33% year-over-year to $63 million, compared to $47.3 million in 2009; Net income for the fourth quarter of 2010 was $3.4 million, or $0.23 per diluted share, compared to net income of $2.4 million or $0.17 per share for the comparable period last year.