Life Time Group gains on higher quarterly rev, profit vs year ago loss

Life Time group

08/03/2023 14:07

** Shares of lifestyle brands and country clubs owner Life
Time Group Holdings Inc  LTH.N  up 5.4% at $19.7 in premarket
trading
    ** Co reports Q4 revenue of $472.7 mln, up from $360.5 mln a
year earlier
    ** Also posts Q4 net income of $13.7 mln, compared with
$304.8 mln loss a year earlier
    ** Co forecasts FY23 revenue at $2.20 bln-$2.30 bln
    ** Also forecasts Q1 FY23 revenue at $505 mln-$510 mln, the
midpoint of which is missing analysts' est of $509.8 mln -
Refinitiv
    ** Shares up 56.2% YTD; fell 30.5% in 2022

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))