Rev Group rises on upgraded FY guidance, Q3 results beat

Rev

13/09/2023 13:19

** Shares of heavy vehicle maker Rev Group  REVG.N  rise
10.1% to $14.2 premarket 
    ** Stock to hit highest level in over three months if gains
hold 
    ** Co raises FY net sales outlook to $2.55 bln-$2.60 bln
from prior forecast of $2.45 bln-$2.55 bln 
    ** REVG posts Q3 net sales of $680 mln, compared to
analysts' estimates of $627 mln - LSEG data 
    ** Reports adj. earnings of 35 cents/shr vs. estimates of 23
cents/shr 
    ** Co attributes better net sales in Q3 to higher demand for
vehicles in Fire & Emergency and Commercial segments
    ** REVG up 2% YTD until last close 
    

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))