Planet Fitness: 4Q Earnings Snapshot
HAMPTON, N.H. (AP) _ Planet Fitness Inc. (PLNT) on Tuesday reported fourth-quarter net income of $29.7 million.
The Hampton, New Hampshire-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring costs, came to 44 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The fitness center operator posted revenue of $191.5 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $188.8 million.
For the year, the company reported profit of $117.7 million, or $1.41 per share. Revenue was reported as $688.8 million.
Planet Fitness shares have risen 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $81.42, an increase of 44% in the last 12 months.