RTTNews | Oct 27, 2020 05:57PM EDT

17:57 Tuesday, October 27, 2020 (RTTNews.com) - Shares of Skyline Champion Corp. (SKY) gained 9% in extended trading session Tuesday after the company's second-quarter results trumped Wall Street estimates.

Net income for the second quarter was $17.5 million or $0.31 per share, compared to $17.7 million or $0.31 per share last year.

Adjusted earnings were $0.31 per share, down from $0.34 per share last year.

Net sales for the second quarter decreased 9.1% to $322.4 million from $354.5 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.23 per share and revenues of $319.45 million. Analysts' estimates typically exclude one-time items.

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