(RTTNews) - Shares of Skyline Champion Corp. (SKY) gained 9% in extended trading session Tuesday after the company's second-quarter results trumped Wall Street estimates.
Net income for the second quarter was $17.5 million or $0.31 per share, compared to $17.7 million or $0.31 per share last year.
Adjusted earnings were $0.31 per share, down from $0.34 per share last year.
Net sales for the second quarter decreased 9.1% to $322.4 million from $354.5 million last year.
Analysts polled by Thomson Reuters estimated earnings of $0.23 per share and revenues of $319.45 million. Analysts' estimates typically exclude one-time items.
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