Nutrisystem Shares Rise 8.5% After Q4 Profit Beats Estimates

Nutrisystem Inc. shares jumped 8.5% in after-hours trading after the provider of weight management products and services posted better-than-expected fourth-quarter profit. The company said on Monday its four-quarter profit jumped to $5.31 million, or 18 cents a share, from $1.3 million, or 4 cents a share, a year earlier. Sales rose to $79.2 million from $69.9 million. Analysts surveyed by FactSet were looking for profit of 16 cents a share on sales of $80.4 million. Nutrisystem forecast profit of 2 cents to 7 cents a share in the first quarter and 73 cents to 83 cents a share for 2015. Analysts were looking for profit of 5 cents a share in the first quarter and 80 cents a share for the year, according to FactSet.