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Indiana-based recreational vehicle company, Thor Industries, Inc. (THO) is trading 12% higher in the market after the company announced a better-than-forecasted fourth quarter.


RTTNews | Sep 28, 2021 10:19AM EDT

10:18 Tuesday, September 28, 2021 (RTTNews.com) - Indiana-based recreational vehicle company, Thor Industries, Inc. (THO) is trading 12% higher in the market after the company announced a better-than-forecasted fourth quarter.

The earnings and revenue both aced the Street view.

Thor reported a net income of $231.32 million or $4.12 per share, improved from $119.72 million or $2.14 per share in the same quarter last year. Analysts, on average estimated the earnings to be $2.93 per share for the quarter.

Revenue also jumped to $3.59 billion in the quarter from $2.34 billion in the previous term. The hike in revenue was chiefly driven by a 124% increase in sales in the North American RV segment to $823.14 million from $366.49 million.

The stock is trading at $126.27, up $13.47 or 11.94% since the previous close at $112.80 on Monday. It opened at $116.57 in the morning. In the 52-week period, the shares have ranged between $78.64 and $152.20 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3228797/thor-climbs-12-after-earnings-beat-estimates-in-q4.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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