Planet Fitness Shares Jump On Earnings, Outlook Beat

By Wallace WitkowskiMarketWatch Pulse

Planet Fitness Inc. shares rallied in the extended session Thursday after the gym chain's quarterly results and outlook topped Wall Street estimates. Planet Fitness shares rose 7.1% to $16.10. The company reported adjusted third-quarter earnings of 10 cents a share on revenue of $68.8 million. Analysts surveyed by FactSet had estimated 9 cents a share on revenue of $66.6 million. The company forecast adjusted full-year earnings of 51 cents to 52 cents a share on revenue of $318 million and $321 million. Analysts estimate 47 cents a share on revenue of $314.9 million.

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