FOREST CITY, Iowa — Winnebago Industries Inc. today reported fiscal second-quarter net income of $17.3 million.
On a per-share basis, the 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 past 12 months.