Thor Industries: Fiscal Q2 Earnings Snapshot

Associated Press Finance
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ELKHART, Ind. (AP) — ELKHART, Ind. (AP) — Thor Industries Inc. (THO) on Wednesday reported fiscal second-quarter net income of $7.2 million.

The Elkhart, Indiana-based company said it had net income of 13 cents per share. Earnings, adjusted for non-recurring costs, were 40 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The recreational vehicle maker posted revenue of $2.21 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $2.3 billion.

Thor Industries expects full-year earnings to be $5 to $5.50 per share, with revenue in the range of $10 billion to $10.5 billion.

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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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