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Life Time Group Q3 Earnings, Revenue Advance; 2024 Guidance Updated
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Life Time Group Q3 Earnings, Revenue Advance; 2024 Guidance Updated
Nov 2, 2024 4:21 PM

08:00 AM EDT, 10/24/2024 (MT Newswires) -- Life Time Group Holdings ( LTH ) reported Q3 earnings Thursday of $0.19 per diluted share, up from $0.04 a year earlier.

Analysts polled by Capital IQ expected $0.21.

Revenue for the quarter ended Sept. 30 was $693.2 million, up from $585.2 million a year earlier.

That result matched the average estimate of analysts surveyed by Capital IQ.

The health and wellness club network said it now expects fiscal 2024 net income of $138 million to $140 million on revenue of $2.60 billion to $2.61 billion. That compares with its previous outlook of net income of $142 million to $148 million and revenue of $2.56 billion to $2.59 billion.

Analysts polled by Capital IQ expect net income of $150.1 million and revenue of $2.59 billion.

Life Time shares were down more than 2% in recent Thursday premarket activity.

Price: 24.78, Change: -0.54, Percent Change: -2.13

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