Thor Industries Inc (THO) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $135.185 million, or $2.53 per share. This compares with $114.511 million, or $2.13 per share, last year.
Analysts on average had expected the company to earn $1.8 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.3% to $2.894 billion from $2.801 billion last year.
Thor Industries Inc earnings at a glance (GAAP) :
-Earnings: $135.185 Mln. vs. $114.511 Mln. last year.
-EPS: $2.53 vs. $2.13 last year.
-Revenue: $2.894 Bln vs. $2.801 Bln last year.
Looking ahead, for the full year, the company has reaffirmed its outlook.
THOR Industries still expects net income per share of $3.30 to $4, in line with analysts’ forecast of $3.47 per share.
The company continues to anticipate sales of $9 billion to $9.5 billion, compared with analysts’ expectation of $9.23 billion.
THO was up by 9.31% at $89.96 in the pre-market trade on the New York Stock Exchange.
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