logo
Share SHARE
FONT-SIZE Plus   Neg

Interesting Stocks To Watch - Oct. 11: WGO, CNET

What makes these stocks interesting?

Winnebago Industries Inc. (WGO), a recreational vehicle maker, reported an upsurge in fourth-quarter profit, reflecting a tax benefit due to a $36.9 million reduction in the valuation allowance on deferred tax assets that was established in fiscal 2009. Fourth quarter of fiscal 2012 was positively impacted by increased motor home deliveries and improved gross margins due to better fixed cost absorption.

- Q4 EPS rose to $1.41 from $0.12 last year.

- Q4 net income was $40.91 mln versus $3.5 mln last year.

- Q4 net income, excl. non-cash tax benefit of the reduction in valuation allowance, was $4.0 mln or $0.14/Shr. Consensus - $0.17/Shr.

- Q4 revenues up 24.5% to $162.5 mln from $130.5 mln last year. Consensus - $163.03 mln.

***

B2B internet technology company ChinaNet Online Holdings Inc. (CNET)

- Lifts FY12 net income target to $3.1 mln from prior view of $2.8 mln.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Weinstein Co. said it has entered into a preliminary agreement for immediate capital infusion from Colony Capital, the global private equity arm of Colony NorthStar, Inc. In addition, Weinstein Co. has entered into a negotiating period with Colony Capital for a potential sale of all or a significant portion of its assets. Further details of the deal were not disclosed. In the first such incident in Canada, a commercial airplane was struck by a drone last week, the government said Sunday. However, the aircraft was able to land safely. A plane operated by charter airline Skyjet was struck on one of its wings by a drone when it was approaching Quebec City's Jean Lesage International Airport last Thursday. Ford Motor Co. said Friday that it will offer free repairs to North American owners of more than 1.4 million 2011-17 Explorer sports utility vehicles to reduce the potential for exhaust or carbon monoxide entering their vehicles. The recall involves about 1.3 million vehicles in the U.S., 84,000 in Canada and 24,000 in Mexico.
comments powered by Disqus
Follow RTT