REV Group, Inc. (REVG) announced a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $18.2 million, or $0.35 per share. This compares with $182.7 million, or $3.06 per share, last year.
Excluding items, REV Group, Inc. reported adjusted earnings of $0.40 per share for the period.
Analysts on average had expected the company to earn $0.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 10.4% to $525.1 million from $586.0 million last year.
REV Group, Inc. earnings at a glance (GAAP) :
-Earnings: $18.2 Mln. vs. $182.7 Mln. last year.
-EPS: $0.35 vs. $3.06 last year.
-Revenue: $525.1 Mln vs. $586.0 Mln last year.
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