Shares of NutriSystem rose as much as 17.5% in after-hours trading after the company reported quarterly results above consensus estimates and re-issued first-quarter guidance.
The Horsham, Pa.-based company, which markets weight management products, announced fourth-quarter earnings of 53 cents a share on revenue of $134 million. Analysts polled by Thomson Financial expected earnings of 51 cents a share on revenue of $131 million.
Looking ahead, NutriSystem said fiscal first-quarter earnings are expected to range from 88 to 92 cents a share, compared with the Wall Street consensus forecast of 85 cents.
NutriSystem shares took a beating at the end of January when it pre-announced quarterly earnings and offered first-quarter earnings guidance of 82 to 86 cents a share.