Medifast down on downbeat Q1 revenue forecast

Medifast

21/02/2023 21:35

** Medifast Inc's  MED.N  shares down 15% to $98 after the
bell
    ** Health and wellness co forecast Q1 sales in the range of
$300 million to $320 million, lower than analysts' estimate of
$374.3 mln - Refinitiv IBES data
    ** Sees its diluted profit per share for Q1 between $1.75
and $2.40; Analysts are expecting $3.26 per share - Refinitiv
IBES data  urn:newsml:reuters.com:*:nPn5BCnqTa
    ** MED fell ~45% last year 
 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))