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Winnebago Industries up 9 Percent on CNBC Report (WGO)

Shares of Winnebago (NYSE: WGO) Industries were up 9 percent on Monday trading after a CNBC report that said the RV industry is seeing outsized demand.

The company recently reported earnings of $7.7 million or 27 cents per share. One year prior it earned $3.9 million or 13 cents per share. The company announced that profits have grown since it had discontinued or reduced incentives previously in place to clear inventory. The RV industry was particularly hard hit during the recession. That forced manufacturers to lay off tens of thousands of workers but as demand has picked up, many of those workers were hired back.

[stock-tools exchange="NYSE" symbol="WGO" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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