THOR Industries Stock Falls 16% On Weak Q2 Quarterly Earnings

(RTTNews) - THOR Industries, Inc. (THO) is trading at $80.36, down 15.61 percent or $15.53, after reporting disappointing second-quarter financial results. The company reported a net loss of $551 thousand, a sharp decline compared to net income of $7.22 million a year earlier.

The stock opened at $81.75 and has traded between $78.90 and $86.50 today, compared to its previous close of $95.23. Current volume is 2.17 million shares, significantly above the average volume of 588.4 thousand. Its 52-week range is $78.90 to $118.85.

Net sales for the quarter were $2.02 billion, down from $2.21 billion in the same period last year.