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

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10/11/2012 8:50 AM ET

What makes these stocks interesting?

Winnebago Industries Inc. (WGO: Quote), 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.

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

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

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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