Life Time Group Holdings, Inc. (LTH) shares are gaining on Thursday after announcing a 57 percent surge in fourth quarter earnings. Revenues grew 18.7 percent from the prior year.
In the premarket hours, shares are gaining more than 6.52 percent and at $33.67.
The quarterly profit was $37.2 million, compared to $23.7 million last year. On an adjusted basis earnings were $60.3 million or $0.27 per share, while it was $38 million a year ago. On average, analysts were looking for earnings of $0.21 per share.
Revenue for the quarter increased to $663.3 million from $558.8 million in the previous year. Wall Street expected revenue of $658.97 million.
Looking ahead to the full year 2025, the company projects earnings between $277 million and $284 million. Revenue is projected to be in a range of $2.925 billion to $2.975 billion. Adjusted EBITDA guidance for the full year is $780-$800 million.
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