Fleetwood Enterprises Inc.: Third-quarter profit fell 28%...
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From Times Staff and Wire Reports
Fleetwood Enterprises Inc.: Third-quarter profit fell 28% to $9.1 million on revenue of $347.4 million, up slightly from year-ago revenue of $346.8 million. The Riverside-based maker of motor homes, travel trailers and manufactured housing said the decline resulted primarily from lower profit margins because of competitive market conditions and a shift to lower-priced models. Results for 1990 also include a non-recurring loss related to the sale of two idle plants.
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