RTTNews | Jun 23, 2021 10:14AM EDT

10:14 Wednesday, June 23, 2021 (RTTNews.com) - Shares of motorhome manufacturer Winnebago Industries, Inc. (WGO) are down 3 percent on Wednesday's trading despite the company turning to profit in the third quarter.

In the three-month period, the company posted net income of $71.3 million or $2.05 per share, compared to a net loss of $12.4 million or $0.37 per share in the prior year fiscal quarter.

Consolidated adjusted earnings per share was $2.16 for the third quarter compared to adjusted loss per share of $0.26 in the same period last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share for the third-quarter. Analysts' estimates typically exclude special items.

Revenues for the third quarter were $960.7 million, an increase of 138.7 percent from last year's $402.5 million, driven by strong end consumer demand and consistent execution.

Currently trading at $65.77, the stock has traded between $44.33 and $87.53 during the past 52 weeks.

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