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Planet Fitness (PLNT) Stock Jumps on Q2 Beat, Raised Outlook

NEW YORK (TheStreet) -- Shares of Planet Fitness (PLNT) were advancing 11.52% to $22.65 in late afternoon trading after the Newington, NH-based franchisor of fitness centers posted better-than-expected second quarter results and higher full-year guidance.

After yesterday's closing bell, Planet Fitness reported revenues of $91.5 million, beating consensus $85.02 million. Earnings came in at 17 cents per share, surpassing Wall Street's projections...