eDiets.com rises after beating Wall Street’s Q1 revenue projections
eDiets.com Inc. (Nasdaq:DIET) shares are up 8% after the provider of online weight-loss programs reported late Tuesday that its first-quarter revenue totaled $8.8 million, which beat Wall Street’s expectation of $7.6 million. The Fort Lauderdale, Fla.-based firm’s revenue came in at $8.4 million in the year-ago period. The company’s quarterly loss widened to $5.1 million, or $0.20 per share, versus $1.3 million, or $0.05 per share, a year ago. Wall Street analysts anticipated a loss of $0.13 per share.
In Wednesday morning trading, DIET shares are rising 8.63%, or $0.33, at $4.12. For detailed price information and recent news stories about eDiets.com, click DIET.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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