Winnebago Industries Q3 Net Profit Halves, But Adj. EPS Tops Estimates

RTTNews | il y a 848
Winnebago Industries Q3 Net Profit Halves, But Adj. EPS Tops Estimates

(RTTNews) - Recreation vehicles maker Winnebago Industries, Inc. (WGO) reported on Wednesday that third-quarter net income plunged to $59.1 million or $1.71 per share from $117.2 million or $3.57 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $2.13 per share, compared to $4.13 per share in the year-ago quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.83 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 38.2 percent to $900.8 million from $1.46 billion in the same quarter last year. Analysts estimated revenues of $961.04 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Philly Fed Index Plunges To Six-Month Low In October

Philly Fed Index Plunges To Six-Month Low In October

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.
RTTNews | il y a 43 minutes
Bay Street Looks Set To Extend Gains

Bay Street Looks Set To Extend Gains

Canadian stocks are likely to open higher on Thursday, tracking rising crude oil and bullion prices. Expectations of another rate cut by the Federal Reserve will also continue to aid sentiment.
RTTNews | il y a 1h 23min
CAC Rises After Government Survives No-confidence Votes

CAC Rises After Government Survives No-confidence Votes

French stocks are up in positive territory on Thursday, lifting the benchmark CAC 40 to an eight-month high, as the mood remains firm following the French government surviving no-confidence votes.
RTTNews | il y a 3h 13min
Sensex, Nifty Rally On Trade Talk Optimism

Sensex, Nifty Rally On Trade Talk Optimism

Indian shares rallied on Thursday after reports suggested that talks on a bilateral trade agreement between India and the United States have picked up pace.
RTTNews | il y a 3h 42min
Pound Rises On Upbeat UK GDP Data

Pound Rises On Upbeat UK GDP Data

The British pound strengthened against other major currencies in the European session on Thursday, after the UK economy expanded slightly as expected in August on the back of the production sector.
RTTNews | il y a 3h 46min