LCI Industries (LCII) stock plummeted 6.9% in pre-market trading on Tuesday following the release of the company's fourth-quarter earnings report. The sharp sell-off came as LCI's revenue for the quarter fell short of analyst expectations, overshadowing in-line earnings per share.
For the fourth quarter, LCI reported earnings of $0.37 per share, meeting the consensus estimate. However, revenue came in at $803.14 million, missing analysts' expectations of $814.02 million. The top-line figure also represented a 4.11% decline compared to the same period last year.
As a leading supplier of components for the recreational vehicle (RV) and adjacent industries, LCI's revenue performance is closely watched by investors. The weaker-than-expected sales could signal softening demand in the RV market, a key driver of the company's business. The pre-market sell-off suggests concerns about LCI's growth prospects amid a challenging macroeconomic environment.
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