At first glance, it might seem like Wednesday was relatively quiet on Wall Street, with major benchmarks finishing quite close to where they started the session. Yet today was actually a busy day for investors, as earnings season went through its quarterly crescendo. Several high-profile companies gave their latest financial results, and although some of them suffered setbacks that pointed to potential stress ahead, others managed to produce surprisingly good performance. Winnebago Industries (NYSE: WGO), Rollins (NYSE: ROL), and Boston Scientific (NYSE: BSX) were among the top performers. Here's why they did so well.
Shares of Winnebago Industries jumped 15% after the recreational vehicle specialist reported solid results for its fiscal fourth quarter. Revenue eased lower by 1% from year-ago levels, but net income climbed 7%. More broadly, full-year earnings hit a new record for Winnebago, and CEO Michael Happe pointed to the success of the company's two-part strategy of strengthening its core RV business while also branching out into the marine industry. Even though total motor home deliveries weakened by almost 20% from the previous year's fiscal fourth quarter, Winnebago shareholders seem convinced that the RV giant remains positioned well to take advantage of the continuing popularity of its vehicles.
Image source: Winnebago.