Winnebago shares pop after third-quarter report

Winnebago motor homes on display in Rockford, Illinois.
Daniel Acker | Bloomberg | Getty Images
Winnebago motor homes on display in Rockford, Illinois.

Winnebago's stock jumped more than 6 percent on Wednesday after the company announced its third-quarter fiscal report.

The company's revenues for the quarter rose 2.1 percent to $272.1 million, beating a Reuters estimate of $270.50 million. The firm also reported earnings per share of 53 cents, above the expected 44 cents.

"Continued strong growth in our towables business, combined with a moderate climb in our motorized shipments drove increased revenues for the quarter," said CEO Michael Happe.

Higher shipments in motorized units and towable units helped improve the company's consolidated revenue.

Happe also said that the company reached a positive legal settlement over its Australian trademark which will enable Winnebago to expand the brand in that region.

Winnebago shares have risen 15 percent over the past 12 months.

Winnebago 12-month performance