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Planet Fitness (PLNT) Stock Climbs in After-Hours Trading on Q3 Beat, Outlook

NEW YORK (TheStreet) -- Shares of Planet Fitness (PLNT) were spiking 5.81% to $21.50 in after-hours trading on Wednesday after the company reported higher-than-anticipated results for the 2016 third quarter.

After today's market close, the Newington, NH-based fitness center operator posted adjusted earnings of 16 cents per diluted share on revenue of $87 million. Revenue rose 26.4% year-over-year.

Analysts surveyed by FactSet had projected earnings of 14 cents per share on revenue of $79 million.

System-wide same-store sales rose 10% in the period.

The company...