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Winnebago Industries Inc. 3Q Profit Falls.

Publication: M2 Presswire
Publication Date: 18-JUN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-18 June 2007-MarketMinute: Winnebago Industries Inc. 3Q Profit Falls(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:18062007

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Motor home manufacturer Winnebago Industries Inc. reported Friday June 15, 2007 its earnings fell 14.4 percent in the third quarter as higher materials and labor costs hurt its profit margins.

Its shares fell 2 percent in afternoon trading.

Winnebago earned $11.3 million, or 35 cents a share, in the three months ended May 26 versus $13.2 million, or 40 cents a share, a year ago.

Sales rose 5.2 percent to $231.7 million from $220.3 million a year ago.

Analysts polled by Thomson Financial expected 49 cents a share on sales of $245.5 million.

The company said customers have been buying lower margin motor homes in recent months. It also incurred higher expenses of about $1...

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