Camping World shares fall despite beating expectations amid surge in demand

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Camping World Holdings Inc. [s:CWH] shares dropped in after-hours trading Wednesday even after the RV retailer beat expectations because of a surge in demand during the pandemic. Camping World shares fell 3% after hours, after rising 8% in the regular session to close at $42.29. The company reported second-quarter net income of $163.2 million, or $1.54 a share, compared with $52.6 million, or 46 cents a share, in the year-ago period. Adjusted earnings were $1.62 a share, adjusted for lease terminations, compensation and more. Revenue rose to $1.6 billion from $1.47 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 57 cents a share on revenue of $1.52 billion. Camping World shares are up 187% this year, compared with the S&P 500 Index [s:SPX], which is up 2.3% so far.
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