Town Sports (CLUB) Tumbles as Earnings Inline, but Guidance Disappoints
Town Sports International Holdings Inc. (Nasdaq: CLUB) reports Q3 loss of $0.07, 2 cents worse than the analyst estimate of ($0.05). Revenue for the quarter was $120.4 million, which compares to the estimate of $115.82 million.
Sees Q4 sales of $112.5-$114.5 million, versus the consensus of $124 million. Sees a Q4 loss of $0.08-$0.10, versus the Street estimate of a gain of $0.04.
Shares of CLUB are down about 13.5% on the weak guidance.
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