WASHINGTON (dpa-AFX) - Nutrisystem, Inc. (NTRI) announced its 2017 revenue is now expected to be in the range of $692 to $697 million compared to the previous range of $684 to $694 million, net income between $58.3 and $59.7 million compared to the previous range of $56.1 to $59.0 million, income per common share between $1.91 and $1.96 compared to the previous range of $1.84 to $1.94.
Fourth quarter revenue is expected to be in the range of $126 to $131 million, net income between $11.4 and $12.7 million, and income per common share between $0.37 and $0.42.
Third-quarter income per common share increased 81% to $0.49, compared to $0.27, prior year. Revenue increased 27% to $158.1 million, compared to $124.6 million.
The company's Board has authorized a new share repurchase program to take effect promptly following the expiration of the existing share repurchase program on November 3, 2017. Pursuant to the new authorization, commencing November 4, 2017 the company may repurchase up to $50 million of its common stock over the following 24 months in open market transactions.
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