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.
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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.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.