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.
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