Shares of Winnebago Industries jumped 6.3 percent in premarket trade Wednesday, after the manufacturer reported its fiscal fourth-quarter earnings and revenue rose above expectations, boosted by its strength in towable sales.
This story by Tomi Kilgore originally appeared on Market Watch.
Net income for the quarter to Aug. 25 rose to $29.8 million, or 94 cents a share, from $24.9 million, or 79 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 91 cents. Revenue increased 18 percent to $536.2 million, above the FactSet consensus of $499.2 million, as motorhome revenue rose 2.5 percent to $228.5 million to top the FactSet consensus of $224.6 million and towable revenue grew 26 percent to $288.7 million to beat expectations of $270.7 million.
