RV maker Thor Industries reported better-than-expected earnings in its latest financial release. The company announced adjusted earnings per share of $1.68, surpassing analysts’ estimates of 96 cents, and generated $2.74 billion in revenue compared to the forecasted $2.42 billion. Furthermore, Thor Industries provided full-year revenue guidance in the range of $10.5 billion to $11 billion, slightly higher than Wall Street’s expectation of $10.8 billion. Despite the positive news, the company’s stock dipped around 1% in after-hours trading.
In related market news, stock futures opened flat on Monday, following previous winning sessions for the S&P 500 and Nasdaq Composite. Futures tied to the Dow Jones Industrial Average climbed by 8 points, or 0.02%, while S&P 500 futures and Nasdaq 100 futures registered gains of 0.05% and 0.07%, respectively. This opening suggests a cautious start to the trading day after a series of positive performances.
Overall, Thor Industries’ impressive earnings report showcases the company’s strong financial performance, surpassing expectations both in terms of earnings per share and revenue. However, the slight decline in the company’s stock during after-hours trading indicates that investors may have expected even better results. Additionally, the flat opening of stock futures indicates a cautious market sentiment following recent gains in the S&P 500 and Nasdaq Composite.