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
Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September. Free meals in coach might soon make a comeback on Delta Air Lines Inc. The Atlanta-based airline said it is testing complimentary meals in the main cabin on transcontinental flights between JFK International Airport in New York and Los Angeles International Airport or San Francisco International Airport. Air Canada plans to add three U.S. routes next year, to cities San Antonio, Memphis and Savannah, the airline announced. The company said it will launch six new non-stop U.S. services beginning Spring 2017.
comments powered by Disqus
Follow RTT