UPDATE: Winnebago FQ3 Profit Surges 94%
Winnebago Industries (NYSE: WGO) reported a 94% rise in its fiscal third-quarter earnings.
Winnebago's quarterly profit surged to $7.7 million, or $0.27 per share, from $3.9 million, or $0.13 per share, in the year-ago period. However, analysts were projecting earnings of $0.27 per share.
Its revenue jumped 40% to $218.2 million.
Winnebago's gross margin rose to 9.7% from 7.8%.
Winnebago shares closed at $20.96 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.