Thor Industries reported fiscal third-quarter profit of $97.2 million and earnings of $1.86 per share, falling short of Wall Street expectations despite revenue that beat forecasts. The RV maker also issued full-year guidance for earnings of $3.30 to $3.80 per
ELKHART, Ind. — Thor Industries reported fiscal third-quarter earnings on Wednesday with a familiar mix for investors: the company beat expectations on revenue, but its per-share profit landed just below what analysts had predicted.
For the period, Thor Industries Inc. (THO) posted profit of $97.2 million. On a per-share basis, the Elkhart, Indiana-based recreational vehicle maker said it earned $1.86.
Wall Street expectations came in at $1.88 per share. The comparison was based on the average estimate of five analysts surveyed by Zacks Investment Research.
Revenue told a different story. Thor Industries reported $2.78 billion in revenue for the quarter, topping Street forecasts. Four analysts surveyed by Zacks expected $2.64 billion.
Looking ahead, the company set full-year guidance that frames where it expects growth to land. Thor Industries expects earnings of $3.30 to $3.80 per share. It also projected full-year revenue in the range of $9 billion to $9.5 billion.
Thor Industries THO earnings fiscal third quarter RV maker Elkhart Indiana revenue guidance per-share earnings