Life Time Fitness Q4 Profit Rises, Beats View - Quick Facts

(RTTNews.com) - Life Time Fitness, Inc. ( LTM ) Thursday reported a rise in profit for the fourth quarter, helped mainly by higher revenues. Both earnings and revenues came in above analysts' expectations.

Net income for the quarter increased to $23.43 million or $0.56 per share from $19.84 million or $0.48 per share in the same period last year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $275.32 million, up from $250.91 million last year. Analysts expected revenues of $274.29 million.

Looking ahead to the fiscal year 2013, the copmpany has forecast earnings in a range of $120.0 million to $124.0 million, or $2.85 to $2.95 per share. Revenues are expected to range between $1.20 billion to 1.22 billion.

Analysts, based onconsensus, currently expect the company to report full-year earnings of $2.91 per share on revenues of $1.21 billion.

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