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Medifast Inc. (MED) Soared To A New High On Q4 Earnings Growth

Medifast Inc. (MED) reported fourth quarter EPS of $0.60 after the bell Tuesday, up from $0.34 a year ago. The company expects to report first quarter EPS of $0.84 to $0.87 and full year 2018 EPS of $3.15 to $3.25.

Medifast gapped up at the open Wednesday and rose steadily until mid-morning. The stock ended the day with a gain of 20.85 at $88.36 on the highest volume of the year. Medifast surged past resistance and set a new high for the year.

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