Camping World stock falls 5% after Q3 profit miss

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Camping World Holdings Inc.
CWH,
+1.29%

shares dropped 5% in the extended session Tuesday after the retailer reported mixed third-quarter results, missing profit expectations and reporting higher-than-expected sales. Camping World earned $102.9 million, or 97 cents a share, in the quarter, compared with $189 million, or $1.72 a share, in the year-ago period. Adjusted for one-time items, the company earned $1.07 a share. Revenue dropped 3% to $1.9 billion, mostly due to revenue drops from categories the company stopped carrying last year, such as fishing, hunting, and apparel, it said. Analysts polled by FactSet expected Camping World to report adjusted earnings of $1.29 a share on sales of $1.81 billion. Shares of Camping World ended the regular trading day up 1.3%.

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