Bally expects loss for 2006 |
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Thu, 15 Mar 2007 23:58
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CHICAGO (AP) - Fitness center operator Bally Total Fitness said Thursday it will be late filing its 2006 annual report and said it expects to record a loss from continuing operations.Bally said it will not be able to file its 10-K report with the Securities and Exchange Commission by the March 16, 2007 due date. In another filing with the SEC, Bally said it has identified errors in its membership numbers that could negatively affect revenue for 2006.The company expects a loss from continuing operations for 2006 and a $25 million, or 3 percent, drop in membership revenue from 2005. Bally said it does not know when it will be able to file the report.Shares of Bally Total Fitness Holding Corp. rose 2 cents Thursday to close at $1.99 on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Bally Technologies gets contract 