Planet Fitness Shares Rise As Outlook, Earnings Top Street View

By Markets MarketWatch Pulse

Planet Fitness Inc. shares rose in the extended session Thursday after the gym chain's yearly forecast and fourth-quarter results topped Wall Street estimates. Planet Fitness shares advanced 3% to $15.26 after hours. The company forecast adjusted 2016 earnings of 60 cents to 63 cents a share on revenue of $355 million to $365 million. Analysts surveyed by FactSet had estimated 2016 earnings of 59 cents a share on revenue of $320.2 million. Planet Fitness reported adjusted fourth-quarter earnings of 17 cents a share on revenue of $105.8 million. Analysts had forecast fourth-quarter earnings of 15 cents a share on revenue of $95.9 million.

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