UPDATE 1-Spartan Q1 profit beats Wall Street; shares jump

Newswire

(Recasts; adds details, share movement) April 24 (Reuters) - Automotive chassis maker Spartan Motors Inc's first-quarter profit more than doubled, beating market estimates, helped by a spike in sales at its chassis and emergency vehicle team units, sending its shares up 18 percent. The company posted first-quarter earnings of $14.8 million, or 45 cents a share, compared with $7.2 million, or 22 cents a share, a year earlier. Revenue rose 85 percent to $264.1 million. Analysts on ...

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