Planet Fitness shares surge as results, outlook top Street view

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Planet Fitness Inc.












PLNT, -4.51%










shares rose in the extended session Tuesday after the gym operator’s quarterly results and outlook topped Wall Street estimates. Planet Fitness shares rallied 6.3% to $27.20 after hours. The company reported third-quarter net income of $15.3 million, or 18 cents a share, compared with $3.4 million, or 8 cents a share, in the year-ago period. Adjusted earnings were 19 cents a share. Revenue rose to $97.5 million from $87 million in the year-ago period. Analysts surveyed by FactSet had estimated 16 cents a share on revenue of $93.6 million. For the year, Planet Fitness estimates earnings of 80 cents to 82 cents a share on revenue of $425 million to $430 million. Analysts had forecast earnings of 78 cents a share on revenue of $415.4 million.

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