Winnebago Climbs on Earnings Beat, Growth Forecasts

Shares of Winnebago (WGO) - Get Report climbed Wednesday after the motor-home manufacturer topped Wall Street earnings expectations for its fiscal third quarter. Winnebago posted earnings of $0.53 a share, $0.08 above consensus estimates, while sales of $272 million also topped forecasts. Winnebago shares are now up more than 21 percent this year. CEO Michael Happe points to a healthy backlog and strong growth in Winnebago's towables businesses.  Also, Winnebago recently reached a favorable legal settlement in a Australian trademark case that will allow the company to launch new efforts to expand its businesses in the country.

This article was written by a staff member of TheStreet.