Planet Fitness: 2Q Earnings Snapshot
Aug. 09, 2018
HAMPTON, N.H. (AP) _ Planet Fitness Inc. (PLNT) on Thursday reported second-quarter earnings of $25.9 million.
The Hampton, New Hampshire-based company said it had net income of 29 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The fitness center operator posted revenue of $140.6 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $129.7 million.
Planet Fitness shares have increased 41 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.79, more than doubling in the last 12 months.