UPDATE: Winnebago Reports 80% Drop In FQ3 Profit

Winnebago Industries Inc WGO reported an 80% decline in its fiscal third-quarter profit. Winnebago reported its quarterly profit at $1.2 million, or $0.04 per share, down from $6 million, or $0.21 per share, in the year-earlier period. The year-earlier period included a $0.08 gain on tax benefits. Winnebago's revenue rose 0.6% to $135.6 million. Analysts were expecting earnings of $0.13 per share on sales of $151 million. Winnebago shares closed at $11.00 yesterday. Read more from Benzinga's Company news.