Winnebago Sharply Higher On Better Than Expected Q1 Results

(RTTNews) - Shares of Winnebago Industries, Inc. (WGO) have shown a strong move to the upside during trading on Wednesday, surging up by 15.6 percent. With the jump, Winnebago is bouncing off its lowest closing level in well over two years.

The substantial rebound by Winnebago comes after the recreational vehicle maker reported fiscal first quarter results that beat analyst estimates on both the top and bottom lines.

Winnebago reported first quarter earnings of $0.70 per share on revenues of $493.6 million, while analysts had expected the company to earn $0.64 per share on revenues of $486.4 million.