said fourth-quarter earnings beat analysts' expectations by 2 cents, but fell from the same period last year.
The company cited higher sales incentives and reduced production volume.
Winnebago, a maker of motor homes, reported fourth-quarter net income of $7.9 million, or 37 cents a share, down from $10 million, or 44 cents a share, a year earlier. Four analysts polled by
First Call/Thomson Financial
expected earnings of 35 cents a share.
Revenue for the fourth quarter fell to $162.5 million from $164.3 million a year ago.