Thor Industries' stock fell 13% after missing Q2 earnings estimates and lowering full-year guidance.
Thor Industries' stock fell 13% after the company missed earnings expectations and lowered its full-year guidance. The RV manufacturer reported a Q2 earnings per share of $0.13, missing the analyst consensus of $0.67, on revenue of $2.21 billion, which missed the consensus estimate of $2.27 billion. Net income was down year over year at $7.2 million, and revenue fell 6% from the same quarter in 2022. Thor lowered its fiscal 2024 earnings guidance to between $5 and $5.50 a share, down from a prior call for $6.25 to $7.25 a share.
March 06, 2024
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