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Earnings Roundup: Winnebago, Ruby Tuesday
Thursday, October 11, 1:25 PM ET

Winnebago Industries (NYSE:WGO) announced that fiscal fourth-quarter net income climbed, as it was boosted by a tax benefit and as well as higher demand. The company earned $40.9 million, or $1.41 per share, up from $3.5 million, or 12 cents per share, in the same period last year. The results included a non-cash tax benefit of $34.3 million. Excluding the tax benefit, Winnebago said adjusted profit was 14 cents per share. Revenue increased by 25 percent to $162.5 million, versus $130.5 million a year ago.

Shares are higher by about a tenth of a percent.

Ruby Tuesday (NYSE:RT) announced that net income declined in the most recent quarter, in part due to costs associated with the search for a new CEO. Sales improved for the first time in seven quarters and revenue increased at locations open at least a year. Net income fell to $2.6 million, or 4 cents per share, from $3.1 million, or 5 cents per share in the same period last year. Analysts expected net income of 5 cents per share on $330.5 million in revenue.

Shares are lower by about one percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

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