Revenue Update on Rush Enterprises(NASDAQ:RUSHB)

Rush Enterprises(NASDAQ:RUSHB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Earnings per share were $0.28.

Rush Enterprises (RUSHB) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.51% at a volume of 36,458. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.09. The peak price level was also seen at $24.09 while the days lowest was $23.19. Finally the shares closed at $23.33. The 52-week high of the shares is $25.84 while the 52-week low is $14.2. According to the latest information available, the market cap of the company is $947 M.

Rush Enterprises Inc. (Rush) is a retailer of commercial vehicles and related services. The Company operates a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt International Hino among others. The Company offers services including retail sales of new and used commercial vehicles aftermarket parts sales service and repair facilities financing leasing and rental and insurance products. It operates 112 Rush Truck Centers in 20 states. Rush Truck Leasing provides maintenance on customers’ vehicles at several of our customers’ facilities. At its Rush Truck Centers it offers third-party financing to assist customers in purchasing new and used commercial vehicles. The Company sells as agent through its insurance agency a line of property and casualty insurance including collision and liability insurance on commercial vehicles cargo insurance and credit life insurance.

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