Life Time Fitness Q1 Profit Rises - Quick Facts

(RTTNews) - Life Time Fitness Inc. (LTM) said first-quarter net income was $28.3 million or $0.69 per share, compared to net income of $28.1 million or $0.67 per share for the same quarter last year.

On average, 9 analysts polled by Thomson Reuters expected earnings of $0.68 per share. Analysts estimates typically exclude special items.

Revenue grew 7.3 percent to $312.0 million from $290.7 million in the same period last year. Analysts expected revenues of $309.47 million.

Further, the company reaffirmed its business outlook for 2014. Earnings per common share is expected to be $3.05-3.15 and net income is expected to be up 3-7 percent, or $125.0-130.0 million, driven by revenue growth, partially offset by increased costs associated with the acceleration of new center growth.

Revenue is expected to be up 8-9.5 percent, or $1.300 billion to $1.320 billion, driven primarily by price and mix optimization, square foot expansion, and growth in in-center and ancillary business revenue.

Analysts expect earnings of $3.09 per share on revenues of $1.31 billion.