logo
Plus   Neg
Share
Email

Thor Industries Posting Steep Loss On Disappointing Q1 Results

Shares of Thor Industries Inc. (THO) have climbed off their worst levels of the day but continue to see significant weakness in afternoon trading on Thursday. After hitting its lowest intraday level in well over two years, Thor is currently down by 7.5 percent.

The steep drop by Thor comes after the recreational vehicle maker reported fiscal first quarter results that came in below analyst estimates.

Thor reported first quarter adjusted earnings of $1.28 per share on revenues of $1.76 billion, while analysts had expected earnings of $1.67 per share on revenues of $1.92 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is "highly confident" to exceed 360,000 deliveries this year. Palo... Spotify is offering free Google Home Mini speakers to all new and existing Spotify Premium users in the U.S. The music streaming service said Tuesday that the Google Home Mini offer is for all eligible Premium Individual and Premium Family master account users in the U.S. The offer is available through November 15, or until supplies last. Federal Cartridge recalled about 3,100 units of Blackhawk T-Series L2C gun holsters due to injury hazard, a statement published by the U.S. Consumer Product Safety Commission said. The safety switch on the firearm can change its position without the knowledge of the user due to the holster design, causing the gun to fire if the trigger is pulled and pose injury hazard to the user and bystander.
RELATED NEWS
Follow RTT
>