Planet Fitness's stock rises in premarket as it beats profit and revenue estimates

Dow Jones

2024-11-07

MW Planet Fitness's stock rises in premarket as it beats profit and revenue estimates

Planet Fitness Inc.'s stock (PLNT) rose 6% in premarket trading Thursday after the gym operator's adjusted profit and revenue outperformed analyst estimates. Planet Fitness said its net income for the three months ended Sept. 30 rose to $42 million, or 50 cents a share, from $39.1 million, or 46 cents a share, in the year-ago period. The company's adjusted profit of 64 cents a share beat the FactSet consensus estimate of 57 cents a share. Third-quarter revenue rose to $292.3 million from $277.6 million and beat the analyst estimate of $283.8 million. Looking ahead, Planet Fitness said it now expects full-year 2024 revenue to increase in the 8% to 9% range, up from its earlier view of 4% to 6%. Planet Fitness launched a $500 million share repurchase program after finishing a $280 million share repurchase effort.

-Steve Gelsi

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November 07, 2024 06:50 ET (11:50 GMT)

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Planet Fitness said its net income for the three months ended Sept. 30 rose to $42 million, or 50 cents a share, from $39.1 million, or 46 cents a share, in the year-ago period. The company's adjusted profit of 64 cents a share beat the FactSet consensus estimate of 57 cents a share. Third-quarter revenue rose to $292.3 million from $277.6 million and beat the analyst estimate of $283.8 million. Looking ahead, Planet Fitness said it now expects full-year 2024 revenue to increase in the 8% to 9% range, up from its earlier view of 4% to 6%. Planet Fitness launched a $500 million share repurchase program after finishing a $280 million share repurchase effort. \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 06:50 ET (11:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLNT","symbol_name":"Planet Fitness Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481970395","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481970395","pubTimestamp":1730980200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Planet Fitness Inc.'s stock  rose 6% in premarket trading Thursday after the gym operator's adjusted profit and revenue outperformed analyst estimates. Planet Fitness said its net income for the three months ended Sept. 30 rose to $42 million, or 50 cents a share, from $39.1 million, or 46 cents a share, in the year-ago period. The company's adjusted profit of 64 cents a share beat the FactSet consensus estimate of 57 cents a share. Third-quarter revenue rose to $292.3 million from $277.6 million and beat the analyst estimate of $283.8 million. Looking ahead, Planet Fitness said it now expects full-year 2024 revenue to increase in the 8% to 9% range, up from its earlier view of 4% to 6%. Planet Fitness launched a $500 million share repurchase program after finishing a $280 million share repurchase effort.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PLNT":"Planet Fitness Inc"},"translate_title":"Planet Fitness股价盘前上涨，利润和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLNT":1},"content_text":"MW Planet Fitness's stock rises in premarket as it beats profit and revenue estimates\n\n\nPlanet Fitness Inc.'s stock (PLNT) rose 6% in premarket trading Thursday after the gym operator's adjusted profit and revenue outperformed analyst estimates. Planet Fitness said its net income for the three months ended Sept. 30 rose to $42 million, or 50 cents a share, from $39.1 million, or 46 cents a share, in the year-ago period. The company's adjusted profit of 64 cents a share beat the FactSet consensus estimate of 57 cents a share. Third-quarter revenue rose to $292.3 million from $277.6 million and beat the analyst estimate of $283.8 million. Looking ahead, Planet Fitness said it now expects full-year 2024 revenue to increase in the 8% to 9% range, up from its earlier view of 4% to 6%. Planet Fitness launched a $500 million share repurchase program after finishing a $280 million share repurchase effort. \n\n\n     -Steve Gelsi \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 06:50 ET (11:50 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}