10:06 AM EDT, 08/01/2024 (MT Newswires) -- LifeTime Group's (LTH) shares were surging during Thursday trading, climbing nearly 9%, after the fitness club chain reported Q2 adjusted net income of $0.25 per diluted share compared with $0.19 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended June 30 was $667.8 million, compared with $561.7 million a year earlier.

Analysts surveyed by Capital IQ expected $634.9 million.

For 2024, the company is now projecting revenue of $2.56 billion to $2.59 billion compared with its prior forecast range of $2.5 billion to $2.53 billion. Analysts polled by Capital IQ expect $2.51 billion.

Price: 22.57, Change: +1.80, Percent Change: +8.67