REV Group shares shares are trading higher after the company reported better-than-expected Q2 results, raised its FY23 guidance and approved a new buyback authorization of to $175 million.
Portfolio Pulse from Benzinga Newsdesk
REV Group reported better-than-expected Q2 results, raised its FY23 guidance, and approved a new buyback authorization of up to $175 million, causing its shares to trade higher.
June 08, 2023 | 3:23 pm
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REV Group's shares are trading higher due to better-than-expected Q2 results, increased FY23 guidance, and a new $175 million buyback authorization.
The better-than-expected Q2 results indicate strong performance, while the raised FY23 guidance and new buyback authorization signal confidence in the company's future. These factors are likely to have a positive short-term impact on REVG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100