NEW YORK (TheStreet) -- Shares of NutriSystem Inc. (NTRI) are higher 6.45% to $16.51 in after-hours trading on Thursday following the company's release of its first quarter 2014 revenue and earnings results.
The report noted revenue for the weight loss management company increased 16% to $122.2 million for the most recent quarter, from $105.4 million in the 2013 first quarter.
NutriSystem's adjusted EBITDA was $3.2 million, compared to $3.9 million in the same quarter during the previous year.
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First quarter 2014 GAAP earnings of 1 cent per share exceeded GAAP loss per share of -2 cents in the year ago quarter.
TheStreet Ratings team rates NUTRISYSTEM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate NUTRISYSTEM INC (NTRI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
Highlights from the analysis by TheStreet Ratings Team goes as follows: