Thor Industries Inc. (THO) Thursday reported an increase in profit for the second quarter, helped by stronger sales.
Net income for the quarter increased to $19.9 million or $0.37 per share from $13.7 million or $0.25 per share in the comparable quarter last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the latest second quarter were $741.60 million, up 24% from $596.97 million in the year-ago period, while three analysts had consensus revenue estimate of $715.73 million for the quarter.
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