Breaking News

Tweet TWEET

EDiets Fourth-Quarter Loss Widens to $4.21 Million

EDiets.com Inc. (DIET), the online operator of diet and nutrition programs, reported a wider fourth-quarter loss of $4.21 million as sales declined.

The loss of 17 cents a share compared with a loss of $209,000, or 1 cent, a year earlier, Fort Lauderdale, Florida- based EDiets said today in a statement sent by PR Newswire.

Sales fell 28 percent to $6.9 million. Two analysts had estimated sales of $6.4 million and $6 million, according to Bloomberg data. EDiets said it ``remains comfortable'' with its forecast of $50 million in sales for 2008.

EDiets gained 20 cents, or 4.2 percent, to $5 as of 4:30 p.m. New York time Nasdaq Stock Market composite trading. The shares have lost 15 percent this year.

To contact the reporter on this story: Meg Tirrell in New York at mtirrell@bloomberg.net.

To contact the editor responsible for this story: Colleen McElroy at cmcelroy@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.