Nutrisystem shares rise after earnings beat

Nutrisystem Inc. NTRI, +1.58%shares rose more than 5% in the extended session Monday after the company beat Wall Street's earnings and revenue expectations. Nutrisystem stock rose 1.8% to close at $29.05 during regular trading. The company reported first-quarter net income of $2.8 million, or 9 cents a share, compared with $7.

5 million, or 25 cents a share, in the year-ago period. Revenue fell to $210.9 million from $212.7 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 6 cents a share on revenue of $206.4 million. For the second quarter, analysts model earnings of 87 cents a share on sales of $190 million. The company said Monday that it expects second-quarter earnings of 78 cents to 83 cents a share and revenue of $186 million to $191 million. Nutrisystem stock has fallen 45% this year, with the S&P 500 index SPX, -0.82%dropping a fraction.