Rev Group soars on annual forecast raise

Rev

08/06/2023 12:25

** REV Group Inc  REVG.N  shares jump 19% to $14 premarket
after the spare-parts maker lifts FY forecast
    ** Co expects FY23 adj. core earnings between $120 mln and
$135 mln, up from $110 mln to $130 mln forecast earlier
    ** REVG also lifts FY23 sales outlook
    ** "The Recreation segment delivered revenue and earnings
growth sequentially and year-over-year. As a result, we have
raised the full-year outlook" - CEO Mark Skonieczny 
    ** Up to last close, stock had fallen 7% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))