Winnebago rises on Q4 report - Steven Mallas

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Winnebago rises on Q4 report
Oct 15, 2009 08:20 PM UTC

Steven Mallas

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WGO	n/a

Via BloggingStocks:

Filed under: Earnings reports

Winnebago (NYSE: WGO) is up well over 8% at the time of this writing during afternoon trading. Yep, it's one of those stories: post a revenue decline and a loss and get rewarded. For the fourth quarter, sales dropped 30%, and the loss per share on an adjusted basis came in at 19 cents.

The full-year picture was also rather dire. Sales plummeted over 60%, and the company lost an adjusted $1.28 per share. Just awful. How in the world can the market love these numbers?

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Winnebago rises on Q4 report originally appeared on BloggingStocks on Thu, 15 Oct 2009 15:20:00 EST. Please see our terms for use of feeds.

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