Nutrisystem Jumps 5.85% Following Earnings Release (NTRI)

Nutrisystem, Inc. NTRI reports Q3 earnings of $0.32 versus consensus of $0.25. Nutrisystem, Inc. reports revenues of $121.2 million versus consensus of $123.82 million. "We are encouraged by the consecutive year over year earnings growth of the past two quarters and expect that to continue to finish out 2010," stated Chairman and Chief Executive Officer Joe Redling. "We remain well positioned to take full advantage of any improvement in demand trends as we prepare for the 2011 diet season." "Year to date, we have used our visibility into customer trends to inform us on managing costs to drive profitability," said David Clark, Chief Financial Officer. "Based on the improved EPS results experienced year to date and outlook for the fourth quarter, we are now raising projected full year earnings guidance to a range of $1.12 and $1.16 per share." Shares of NTRI are higher in the after-hours by 5.85%.