Life Time Fitness Q4 Adj. Profit Beats Estimates

(RTTNews) - Life Time Fitness, Inc. (LTM) Thursday announced a decline in fourth quarter net income to $22.37 million or $0.59 per share from $25.86 million or $0.63 per share last year. On an adjusted basis, net income was $27 million, or $0.71 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.69 per share. Analysts estimates usually exclude special items.

Total revenue increased 8.3 percent to $315.26 million from $291.04 million a year ago. Analysts were looking for $315.44 million.

Looking ahead to 2015, the company expects net income of $120 to $128 million and earnings per share of $3.15 to $.35. Revenue for 2015 is projected in a range of $1.390 to $1.415 billion. Wall Street expects $3.00 per share on revenue of $1.29 billion.