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Medifast reported its quarterly earnings on April 29, 2024. The Company's adjusted earnings per share of $0.66 were considerably below Wall Street estimates of $0.80 per share and much lower than the same period in the previous year. Following this news, shares of Medifast fell over 22% in morning trading on April 30, 2024.
In order to be eligible to join the MED class action lawsuit, you must have incurred a loss on shares of Medifast purchased during the class period listed above.
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