Why Douglas Dynamics (PLOW) Is Popping After Hours

NEW YORK (TheStreet) -- Douglas Dynamics (PLOW) is moving higher in extended trading after quarterly earnings and sales came in better than expected.

After the bell, shares had added 4.2% to $17.

The snowplow maker reported revenue of $73 million in the three months to December, a 158.9% year-over-year increase. Analysts surveyed by Thomson Reuters had forecast sales of $57.67 million.

"Record fourth quarter sales signify a continued improvement in business conditions compared to last year, as snowfall levels were strong across core markets," said CEO James L. Janik in a statement.

Net income of 38 cents a share beat analysts' estimates of 25 cents a share.

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TheStreet Ratings team rates DOUGLAS DYNAMICS INC as a Buy with a ratings score of B-. The team has this to say about their recommendation:

"We rate DOUGLAS DYNAMICS INC (PLOW) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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