Thor Industries: Fiscal 1Q Earnings Snapshot
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.