Why Planet Fitness, Inc. Climbed 12% in August

Why Planet Fitness, Inc. Climbed 12% in August

Shares of Planet Fitness (NYSE: PLNT), one of the largest and fastest-growing fitness-center operators in the United States, climbed 12% in August, according to data provided by S&P Global Market Intelligence. The stock's rise was, most likely, driven primarily by solid second-quarter results and an analyst's 12-month price-target increase for the stock.

For its second quarter, Planet Fitness reported revenue of $107.3 million and adjusted earnings per share of $0.22. These figures were up 17% and 29% year over year, respectively, exceeding analysts' consensus estimates for the quarter.

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Source: Fool.com