UNITED STATES — In a veritable roller-coaster ride of a month after posting disappointing third-quarter results, shares of Camping World managed to climb 10 percent in November, according to data from S&P Global Market Intelligence, as some on Wall Street speculated better days lie ahead for the recreational vehicle retailer, reported The Motley Fool.
To be sure, Camping World enjoyed an immediate boost to start last month, rising 10 percent on Nov. 1 alone, thanks to a combination of encouraging industry data and strong quarterly reports from both RV component leader LCI Industries and ride-dynamics product specialist Fox Factory Holding.
Less than a week later, however, Camping World’s own disappointing third-quarter results dampened that enthusiasm. Shares dropped 11 percent on Nov. 7, 2018, after the company told investors its revenue climbed a modest 6.2 percent year over year to $1.31 billion, translating to adjusted earnings of $0.49 per share.
Read the full article at The Motley Fool.