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.