Nice Forecast for Monaco Coach

The company's first-quarter results also top estimates.
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Monaco Coach

(MNC)

took the high road after the Coburg, Ore., recreational-vehicle maker surged by Wall Street's first-quarter estimates.

Revenue increased 17% from last year to $385.1 million. Earnings rose to $8.3 million, or 28 cents a share, from $5.3 million and 18 cents a share, a year ago. Analysts were looking for earnings of 11 cents a share on revenue of $344.4 million.

For the second quarter, Monaco forecast sales of $375 million to $385 million, above analysts' consensus estimate of $352.4 million. Full-year sales are expected to be in the range of $1.45 billion to $1.48 billion, while analysts are calling for $1.41 billion.

Shares of Monaco rose $1.89, or 15.4%, to $14.14 in recent trading.