Medifast, Inc. Announces Third Quarter EPS of $.39

by Benzinga Staff

November 4, 2010 4:21 PM | 29 seconds read |

Medifast, Inc. MED today reported financial results for the third quarter ended September 30, 2010.

Third Quarter 2010 Highlights Include:

Net revenue increased 46% year-over-year to $67.3 million, compared to $46.1 million in 2009;
Take Shape for Life revenue increased 53% year-over-year to $43.7 million;
Active health coaches increased 55% to 9,000 coaches compared to 5,800 last year;
Operating profit margin increased 130 basis points to 13.4% compared to the prior year;
Diluted earnings per share increased 70% to $0.39, compared to $0.23 last year.