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

Dow Jones

07 Nov 2024

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

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.

(END) Dow Jones Newswires

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

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481970395"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481970395\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481970395?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 19:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481970395","market":"sg","top_or_hot":-1,"title":"Planet Fitness's stock rises in premarket as it beats profit and revenue estimates","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Planet Fitness's stock rises in premarket as it beats profit and revenue estimates\n</p>\n<p>\n     <a href=\"https://laohu8.com/S/PLNT\">Planet Fitness Inc</a>.'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</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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Planet Fitness's stock rises in premarket as it beats profit and revenue estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlanet Fitness's stock rises in premarket as it beats profit and revenue estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 19:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Planet Fitness's stock rises in premarket as it beats profit and revenue estimates\n</p>\n<p>\n     <a href=\"https://laohu8.com/S/PLNT\">Planet Fitness Inc</a>.'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</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":null,"symbol_name":null,"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":{},"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}}}