Winnebago stock up premarket after earnings blow past estimates

Winnebago Industries Inc. stock rose 2.4% in premarket trade Friday, after the residential-vehicle maker fiscal first-quarter earnings fell from the year-earlier period, but were comfortably ahead of consensus estimates. Eden Prairie, Minn.-based Winnebago posted net profit of $60.2 million, or $1.

73 a share, for the quarter to Nov. 26, down from $99.6 million, or $2.90 a share, in the year-earlier period. Adjusted per-share earnings came to $2.07, well ahead of the $1.82 FactSet consensus. Revenue fell to $952.2 million from $1.2 billion a year ago, but also beat the FactSet consensus of $852 million."Growth in our...

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