Planet Fitness stock falls toward a 3-month low after downbeat growth outlook offsets quarterly earnings beat ...Middle East

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Shares of Planet Fitness Inc. PLNT, +0.56% fell 1.3% toward a three-month low in premarket trading Thursday, after the fitness center operator beat fourth-quarter earnings expectations but provided a downbeat growth outlook for this year. Net income increased to $35.3 million, or 41 cents a share, from $33.7 million, or 40 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 60 cents topped the FactSet consensus of 58 cents. Total revenue grew 1.4% to $285.1 million, above the FactSet consensus of $282.7 million, as franchise revenue rose 13.9% to $98.2 million and corporate-owned revenue was up 15.9% to $116.4 million,

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