HAMPTON, N.H. (AP) — HAMPTON, N.H. (AP) — Planet Fitness Inc. (PLNT) on Thursday reported first-quarter earnings of $41.9 million.
On a per-share basis, the Hampton, New Hampshire-based company said it had profit of 50 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The fitness center operator posted revenue of $276.7 million in the period, which also fell short of Street forecasts. Ten analysts surveyed by Zacks expected $281.5 million.
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