Thor Industries Slashes FY23 Outlook As Q2 Results Miss Estimates

RTTNews | 904 days ago
Stocktwits
Thor Industries Slashes FY23 Outlook As Q2 Results Miss Estimates

(RTTNews) - Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Tuesday that net income attributable to the company for the second quarter was $27.08 million or $0.50 per share, sharply down from $266.57 million or $4.79 per share in the prior-year quarter.

Net sales for the quarter declined 39.4 percent to $2.35 billion from $3.88 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share on net sales of $2.49 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings in a range $5.50 to $6.50 per share on net sales between $10.5 billion and $11.5 billion.

Previously, the company expected earnings in the range $7.40 to $8.70 per share on net sales between $11.5 billion and $12.5 billion.

The Street is looking for earnings of $7.56 per share on revenues of $11.52 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: THO
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Thor Industries Slashes FY24 Outlook As Q2 Results Miss Estimates

Thor Industries Slashes FY24 Outlook As Q2 Results Miss Estimates

Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Wednesday that net income attributable to the company for the second quarter was $7.22 million or $0.13 per share, sharply down from $27.08 million or $0.50 per share in the prior-year quarter.
RTTNews | 539 days ago
Taiwan Stock Market May Extend Winning Streak

Taiwan Stock Market May Extend Winning Streak

The Taiwan stock market has tracked higher in three straight sessions, gathering more than 750 points or 3.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 24,520-point plateau and it may add to its winnings again on Thursday.
RTTNews | 12 minutes ago
Singapore Stock Market May Extend Wednesday's Gains

Singapore Stock Market May Extend Wednesday's Gains

The Singapore stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,245-point plateau and it may pick up steam on Thursday.
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Malaysia Bourse May Add To Its Winnings On Thursday

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The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
RTTNews | 1h 12min ago
Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 1h 27min ago
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.
RTTNews | 1h 42min ago
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 2h 42min ago
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