Town Sports Intl reports EPS in-line, revs in-line; guides Q4 EPS below consensus, revs below consensus (8.91 +0.49)
Reports Q3 (Sep) earnings of $0.08 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.08; revenues rose 2.7% year/year to $116.1 mln vs the $116.9 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.07-0.09 vs. $0.10 Capital IQ Consensus Estimate; sees Q4 revs of $114.5-115.5 vs. $116.95 mln Capital IQ Consensus Estimate. The co expects their 2012 capital expenditures to be similar to or less than the 2011 levels, as they are currently targeting up to three openings of smaller “fitness-only” clubs in 2012.
