Camping World Holdings Inc. (CWH) stock soared 5.19% in the after-hours trading session on Tuesday, following the release of its fourth-quarter earnings report. The company reported a narrower-than-expected loss and beat revenue estimates, driven by strong demand for its recreational vehicle products and services.
The company reported an adjusted loss per share of $0.47, beating the analyst consensus estimate of a $0.51 loss. Revenue for the quarter came in at $1.2 billion, surpassing the consensus estimate of $1.127 billion and representing an 8.21% increase from the same period last year.
The better-than-expected results suggest that Camping World Holdings has managed to navigate the challenging economic environment, fueled by continued interest in outdoor recreational activities. The company's ability to meet and exceed analysts' expectations has likely boosted investor confidence, contributing to the stock's after-hours surge.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.