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Planet Fitness stock price
Planet Fitness latest news:
Why Planet Fitness Is One of Wednesday’s Biggest Earnings Winners
Planet Fitness shares surge as results, outlook top Street view
Planet Fitness Inc. 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.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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