Winnebago's stock soars toward 12-yr high after profit beat
More positive industry news suggesting a very strong industry for Canadream... Shares of Winnebago Industries Inc. WGO, +6.19% surged 4.8% toward a 12-year high in premarket trade Wednesday, after the recreational vehicle seller beat fiscal first-quarter profit and sales expectations. Earnings for the quarter to Nov. 26 rose to $11.7 million, or 42 cents a share, from $8.6 million, or 32 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 36 cents. Revenue increased to $245.3 million from $214.2 million, above the FactSet consensus of $229 million. "We successfully completed the acquisition of Grand Design, significantly expanding our penetration within the fast-growing towable market and creating a broader and more balanced portfolio well-positioned to capitalize on the opportunities across the RV market," said Chief Executive Michael Happe. The stock has soared 87% year to date through Tuesday, while the S&P 500 SPX, +0.36% has gained 11%. https://www.marketwatch.com/story/winnebagos-stock-soars-toward-12-year-high-after-profit-sales-beat-expectations-2016-12-21