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Thor Industries misses 2Q profit forecasts

ELKHART, Ind. (AP) _ Thor Industries Inc. (THO) on Monday reported fiscal second-quarter earnings of $64.8 million.

On a per-share basis, the Elkhart, Indiana-based company said it had profit of $1.23.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The recreational vehicle maker posted revenue of $1.59 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $1.51 billion.

Thor Industries shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $115.42, more than doubling in the last 12 months.


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


Keywords: Thor Industries, Earnings Report