Monaco Coach Corp jumps on Q2 results
Shares of Monaco Coach Corp. (NYSE: MNC) got a jolt Wednesday morning after the manufacturer of recreational vehicles reported second quarter results up from a year ago and net income above analyst estimates.
For the three months ended June 30, the Coburg, Ore.-based company recorded net income of $4.5 million, or $0.15 per diluted share, compared with net income of $0.37 million, or $0.01 for the second quarter last year.
Second quarter revenues increased 4.4% to $335.3 million, compared with revenues of $321.3 million for the second quarter of 2006.
Shares of Monaco Coach climbed 9.77%, or $1.34, to $15.06 in Wednesday morning trading.
