Winnebago Industries Inc. WGO stock rose 5% in premarket trade on Wednesday after the recreational vehicle (RV) maker beat Wall Street estimates for adjusted earnings per share and revenue. The Eden Prairie, Minn., company said its second-quarter profit fell to $52.8 million, or $1.52 a share, from $91.2 million, or $2.69 a share, in the year-ago quarter. Winnebago’s adjusted second-quarter earnings of $1.88 a share beat the estimate of $1.25 a share, according to analyst forecasts compiled by FactSet. Winnebago’s second-quarter revenue fell 25.6% to $866.7 million, which beat the analyst estimate of $783.7 million. CEO Michael Happe said performance in the company’s marine unit offset a “softening in consumer demand for RVs from recent cyclical highs.”
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