Winnebago Industries

(WGO) - Get Report

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.