Why Camping World Holdings Rose 10% in Early Trading Today
Shares of Camping World Holdings (NYSE: CWH), which sells recreational vehicles (RVs) and related products and services, rose just shy of 10% in the first hour or so of trading on May 4. At roughly 11:30 a.m. EDT, the stock was still holding on to a mid-single-digit gain. The big news driving the early excitement was the company's pre-market earnings release.
Camping World Holdings' revenue totaled roughly $1.56 billion in the first quarter of 2021. That represented a huge $530 million increase compared to the same period in 2020, which amounts to a slightly more than 50% year-over-year improvement.
On the bottom line, earnings went from a loss of $0.22 in the first quarter of 2020 to a profit of $1.40 per share in the same period in 2021. Camping World Holdings is clearly doing much better than it was a year ago, and investors are right to be pleased.
Source Fool.com
