REV Group Stock Climbs 16% Over Increased Income In Q4

(RTTNews) - Shares of REV Group, Inc. (REVG) are climbing around 16 percent on Wednesday morning following the announcement of fourth-quarter results, where it reported income of $41.7 million or $0.80 per share compared to last year's $29.7 million or $0.50 per share.

Currently, REV's stock is moving up 16.47 percent or $4.83, to $34.58 on the New York Stock Exchange.

On adjusted basis, the net income for the quarter stood at $0.51 per share, compared to $0.53 per share in the prior-year quarter.

Analysts, on average, polled by Thomson Reuters expected the company to earn $0.49 a share for the quarter. Analysts' estimates typically exclude special items.

However, net sales for the quarter decreased to $597.9 million from $693.3 million in the previous year.