Diamonds and Dogs
2/1/13Life Time Fitness Inc. (LTM)
Life Time Fitness is losing weight today, down 22.39% at $39.37. The fitness center company saw its share crash diet after a poor forecast. Life Time announced that it expected earnings for 2013 to be $2.85 to $2.95 per share on revenue of $1.2 billion. The company's forecast missed analyst estimates of $3.17 per share on revenue of $1.24 billion. Analyst, Steven Wieczynski said, "We understand LTM's philosophy of trying to grow the business with certain 'non-core' growth initiatives which will drive expenses up in the near-term, but won't necessarily have a revenue impact for some time." Life Time set a new 52-week low today, and saw its largest drop in nearly four years.
Carbo Ceramics Inc. (CRR)
Carbo is exploding today, up 8.85% at $87.20. The hydro-fracking company saw its shares climb higher after earnings showed that company beat on the top line. Carbo announced that revenue was $153.6 million which beat analyst estimates of $145.9 million. Earnings per share came it right were analysts had predicted at $0.89 per share. After a positive earnings report, Global Hunter Securities upgraded the company from neutral to buy. Carbo is trading around the middle of its 52-week range of $60.33-$110.66.