Nutrisystem, Inc. (NTRI) posted third-quarter net income of $8.5 million or $0.27 per share compared with $13.5 million or $0.43 per share in the same quarter last year.
Revenues for the quarter decreased to $127.0 million from $162.7 million in the prior year period.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share on revenues of $117.21 million for the quarter. Analysts' estimates typically exclude special items.
The Board of Directors declared a company's quarterly dividend of $0.175 per share, payable November 16, 2009, to shareholders of record as of November 6, 2009. While the company intends to continue to pay regular quarterly dividends, the declaration and payment of future dividends are discretionary and will be subject to determination by the Board of Directors each quarter following its review of the company's financial performance.
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