NEW YORK (TheStreet) --Shares of NutriSystem Inc.
(NTRI - Get Report) are lower by -9.42% to $16.25 in after-hours trading after the company issued earnings per share guidance for its 2014 third quarter in the range of 12 cents to 17 cents, below the Capital IQ consensus of 22 cents per share.
The weight loss management company said it's expecting revenue to be between $85 million and $90 million, compared to the consensus estimate of $94.49 million.
However, the company reported an increase in net income to $8.70 million for the 2014 second quarter, from $6.35 million for the same period last year.
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NutriSystem said adjusted EBITDA for the 2014 second quarter rose to $17 million, from $13.5 million from the 2013 second quarter.
NutriSystem's earnings per share increased 36% to 30 cents versus 22 cents for the year ago quarter, beating the Capital IQ consensus estimate of 27 cents per share.
Revenue also increased 14% to $111.1 million, compared to $97.5 million for the comparable 2013 second quarter, slightly higher than the consensus estimate of $110.52 million.
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