Shares of Camping World Holdings Inc. (CWH) plummeted 6.64% in after-hours trading on Tuesday, October 30th, despite the company reporting better-than-expected third-quarter 2024 earnings results earlier in the day.
The recreational vehicle retailer reported revenue of $1.72 billion for the quarter, flat compared to the same period last year but exceeding analysts' estimates of $1.63 billion. Earnings per share (EPS) came in at $0.12, significantly lower than the $0.36 reported in Q3 2023 but still beating expectations of $0.08.
However, Camping World's net income fell by 66% year-over-year to $5.5 million, and its profit margin contracted from 0.9% to 0.3%, likely weighing on investor sentiment despite the earnings beat. The company also disclosed that it had 3 warning signs, with at least one being concerning, according to an analysis by Simply Wall St.
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