AP NEWS

Winnebago: Fiscal 2Q Earnings Snapshot

March 25, 2020 GMT

FOREST CITY, Iowa (AP) _ Winnebago Industries Inc. (WGO) on Wednesday reported fiscal second-quarter net income of $17.3 million.

On a per-share basis, the Forest City, Iowa-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The recreational vehicle maker posted revenue of $626.8 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $610.3 million.

Winnebago shares have fallen 55% since the beginning of the year. The stock has dropped 17% in the last 12 months.

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