NOVI, Mich. (AP) _ The Shyft Group, Inc. (SHYF) on Thursday reported first-quarter earnings of $11.6 million.

On a per-share basis, the Novi, Michigan-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, were 36 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The maker of chassis for Last Mile Delivery, RVs and other vehicles posted revenue of $197.9 million in the period.

The Shyft Group expects full-year earnings in the range of $1.65 to $1.85 per share, with revenue in the range of $850 million to $900 million.

The Shyft Group shares have increased 19% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHYF at https://www.zacks.com/ap/SHYF

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News