Stock Track | Planet Fitness Surges After Beating Q3 Earnings Estimates, Raising Guidance

Stock Track

Nov 07, 2024

Shares of Planet Fitness Inc. (NYSE: PLNT) soared over 6% in premarket trading on Thursday after the gym chain operator reported better-than-expected earnings for the third quarter of 2024 and raised its full-year guidance.

Planet Fitness posted adjusted earnings per share of $0.64 for Q3 2024, surpassing the consensus analyst estimate of $0.58. The company's revenue for the quarter came in at $292.25 million, exceeding the projected $285.87 million.

Citing the strong quarterly performance, Planet Fitness now expects its full-year 2024 revenue to grow in the range of 8% to 9%, up from its previous guidance of 4% to 6% growth. The company also announced a new $500 million share repurchase program after completing a $280 million buyback.

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(NYSE: PLNT) soared over 6% in premarket trading on Thursday after the gym chain operator reported better-than-expected earnings for the third quarter of 2024 and raised its full-year guidance.</p>\n\n<p>Planet Fitness posted adjusted earnings per share of $0.64 for Q3 2024, surpassing the consensus analyst estimate of $0.58. The company's revenue for the quarter came in at $292.25 million, exceeding the projected $285.87 million.</p>\n\n<p>Citing the strong quarterly performance, Planet Fitness now expects its full-year 2024 revenue to grow in the range of 8% to 9%, up from its previous guidance of 4% to 6% growth. The company also announced a new $500 million share repurchase program after completing a $280 million buyback.</p>\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":"","article_id":"1114102746","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114102746","pubTimestamp":1730980944,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Planet Fitness Inc.  soared over 6% in premarket trading on Thursday after the gym chain operator reported better-than-expected earnings for the third quarter of 2024 and raised its full-year guidance.Planet Fitness posted adjusted earnings per share of $0.64 for Q3 2024, surpassing the consensus analyst estimate of $0.58. 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