Why Shares of Camping World Traded Higher Today

Shares of Camping World Holdings (NYSE: CWH) traded up more than 8% on Friday after the RV retailer reported third-quarter results. The quarter was choppy, and Camping World shares traded as high as 14% up and as low as 11% down on the day as investors tried to sort through the mess, but overall the market was pleased with the company's plans to restructure its operations.

After markets closed on Thursday, Camping World reported adjusted earnings of $0.14 per share in the quarter, well short of the $0.36 per-share consensus, despite revenue of $1.39 billion that was up 6% year over year and ahead of expectations. The company has been battling decreased demand for RVs and shareholder litigation over its initial public offering, with Camping World shares down more than 60% for the year heading into Thursday's earnings report.

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Source Fool.com