Planet Fitness Shares Rise On Earnings Beat, Outlook

Planet Fitness Inc. shares rose in the extended session Tuesday after the gym operator topped Wall Street estimates for the quarter. Planet Fitness shares advanced 5.6% to $16.50 after hours. The company reported adjusted first-quarter earnings of 15 cents a share on revenue of $83.3 million. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $78.8 million. For the year, Planet Fitness sees adjusted earnings of 62 cents to 65 cents a share on revenue of $360 million to $370 million. Analysts had forecast earnings of 62 cents a share on revenue of $361.4 million.