Town Sports International Holdings Earnings: Here’s Why Investors are Ambivalent Now
Town Sports International Holdings Inc. (NASDAQ:CLUB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Town Sports International Holdings Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.18 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Decreased 3.02% to $119.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Town Sports International Holdings Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.16. It missed the average revenue estimate of $119.55 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…