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Thor Industries Sinks on Second-Quarter Earnings Miss

Rob Lenihan

sagged 3.24% to $62.49 Wednesday after the recreational vehicle manufacturer missed Wall Street's second-quarter earnings and revenue expectations and warned of challenges for the rest of the year. Thor Industries posted a net loss of $5.4 million or 10 cents a share, reflecting acquisition-related costs totaling $42.1 million, or 75 cents a share. Revenue was $1.29 billion, short of Wall Street's forecast of $1.62 billion.