LTM earnings action just like STX yesterday.
LTM beat and raised guidance just like STX did yesterday and the stock is tanking just like STX did yesterday. But Just like STX watch it rebound quickly.
* LTM Q3 EPS $0.51 vs est $0.48
* Raises FY EPS view to $1.78-$1.81
* Memberships increase 6 percent
* Revenue up 8 pct to $214.3 mln
Oct 22 (Reuters) - Life Time Fitness Inc (LTM.N) reported a third-quarter profit that topped Wall Street estimates, helped by a 6 percent growth in memberships, and raised its 2009 earnings outlook.
For the full-year, the fitness-club operator now expects to earn $1.78 a share to $1.81 a share, up from its earlier forecast of $1.65 to $1.75 a share, on revenue of $835 million to $845 million.
For the quarter ended Sept. 30, the company earned $20.6 million, or 51 cents a share, compared with $21.6 million, or 55 cents, last year.
Revenue rose 8 percent to $214.3 million with membership dues and total center revenue rising 10 percent and 8 percent, respectively.
Analysts on average were looking for earnings of 48 cents a share, on revenue of $215.2 million, according to Thomson Reuters I/B/E/S.
Shares of the Chanhassen, Minnesota-based company closed at $29.10 Wednesday on the New York Stock Exchange. (Reporting by Abhishek Takle in Bangalore; Editing by Ratul Ray Chaudhuri)