Heavy-duty truck maker Commercial Vehicle Group Inc. (NASDAQ:CVGI) jumped 26.54% in after-hours trading on Tuesday to $2.05.
According to Benzinga Pro data, the stock of the Ohio-based company closed the regular session down 2.99% at $1.62. Year-to-date, shares are up about 7%.
Shares Surge Despite Earnings Miss
The stock surged in extended trading despite missing fourth-quarter earnings expectations.
Commercial Vehicle Group reported a fourth-quarter loss of $0.18 per share, missing analysts’ expectations of a $0.15 per share loss by 20%.
Revenue of the company totaled $154.8 million, down 5.2% from a year earlier due to softer demand in North America. However, the revenue still came in 5.24% above analysts’ estimate of $147.05 million.
Operating loss narrowed sharply to $1.8 million from $5.3 million year-over-year.
Adjusted earnings before interest, taxes, depreciation, and amortization surged 155.6% to $2.3 million.
Free cash …
