Planet Fitness Shares Rise As Outlook, Earnings Top Street View

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.