Why Planet Fitness Inc. Stock Popped Today
Shares of Planet Fitness Inc. (NYSE: PLNT) were up 17% as of 1 p.m. EST Wednesday after the fitness center chain announced strong third-quarter 2017 results.
More specifically, Planet Fitness' quarterly revenue climbed 12.1% year over year to $97.5 million. On the bottom line, that translated to 17.9% growth in adjusted net income to $18.7 million, or $0.19 per diluted share. Both the top and bottom lines easily outpaced investors' expectations for adjusted earnings of $0.16 per share on revenue of $93.6 million.
IMAGE SOURCE: PLANET FITNESS
Source: Fool.com