Nutrisystem Q3 Profit Decreases - Quick Facts

(RTTNews) - Nutrisystem Inc. (NTRI), a provider of weight management products and services, reported that its third-quarter net income decreased to $356 thousand or $0.01 per share, from $2.59 million or $0.09 per share, last year. Adjusted net income for the quarter was $4.3 million or $0.15 per share.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $85.36 million, from $81.28 million, prior year. Analysts expected revenue of $81.30 million for the quarter.

The company said the upside in adjusted third-quarter earnings per share has enabled it to increase guidance for fiscal year 2013. The company expects fourth-quarter per share results in the range of a loss of $0.02 to profit of $0.02, and expects year-over-year revenue growth in the mid-single digits in the fourth quarter. Analysts expect the company to report a fourth-quarter loss per share of $0.01.

The company also announced that its Board has declared a quarterly dividend of $0.175 per share, payable November 18, 2013, to shareholders of record as of November 7, 2013.