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Thor Industries: Fiscal 1Q Earnings Snapshot

December 6, 2018

ELKHART, Ind. (AP) _ Thor Industries Inc. (THO) on Thursday reported fiscal first-quarter profit of $14 million.

The Elkhart, Indiana-based company said it had net income of 26 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.28 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The recreational vehicle maker posted revenue of $1.76 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.87 billion.

Thor Industries shares have fallen 57 percent since the beginning of the year. The stock has decreased 57 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THO at https://www.zacks.com/ap/THO

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