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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.

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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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