On Tuesday, U.S. gym chain Planet Fitness released its third quarter earnings report, revealing the company beat Wall Street expectations during Q3.
Planet Fitness pulled in $0.59 per share in earnings compared to $0.55 per share predicted by analysts, as well as $277.6 million in revenue compared to the $268.2 million expected by Wall Street.
As a result, Planet Fitness upped its annual revenue guidance to 14% from 12%.
The company’s shares subsequently surged by double-digits Tuesday following news of Planet Fitness’s strong Q3.
