Medifast Q1 EPS $3.46 Beats $2.73 Estimate, Sales $340.70M Beat $278.89M Estimate

Medifast (NYSE:MED) reported quarterly earnings of $3.46 per share which beat the analyst consensus estimate of $2.73 by 26.74 percent. This is a 79.27 percent increase over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $340.70 million which beat the analyst consensus estimate of $278.89 million by 22.16 percent. This is a 90.91 percent increase over sales of $178.46 million the same period last year.