Planet Fitness: Q4 Earnings Snapshot
HAMPTON, N.H. (AP) — HAMPTON, N.H. (AP) — Planet Fitness Inc. (PLNT) on Thursday reported fourth-quarter profit of $35.3 million.
HAMPTON, N.H. (AP) — HAMPTON, N.H. (AP) — Planet Fitness Inc. (PLNT) on Thursday reported fourth-quarter profit of $35.3 million.
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The Hampton, New Hampshire-based company said it had net income of 41 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 60 cents per share.
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The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The fitness center operator posted revenue of $285.1 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $282.3 million.
For the year, the company reported profit of $138.3 million, or $1.62 per share. Revenue was reported as $1.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLNT at https://www.zacks.com/ap/PLNT