Shares of recreational vehicles retailer Camping World Holdings, Inc. (CWH) are up 5 percent on Tuesday’s trading as the company turned to profit in the first quarter and raised its fiscal 2021 outlook.
The company posted net income of $62.3 million or $1.40 per share in the first quarter, compared to net loss of $8.16 million or $0.22 per share in the same period last year.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.69 per share in the quarter. Analysts’ estimates, usually, exclude one-time items.
Quarterly revenues rose to $1.56 billion from $1.03 billion in the year-ago period.
Looking ahead, the company raised its fiscal year 2021 guidance) of Adjusted EBITDA of $640 million to $690 million to $770 million to $810 million.
The stock was trading at $45.86, up $1.85 or 5 percent on the NYSE.
CWH has traded between $8.82 and $48.19 during the past 52 weeks.
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