Thor Q1 Profit Misses Estimate

(RTTNews) - Recreational vehicles manufacturer Thor Industries, Inc. (THO) reported net income for the first quarter of $38.9 million or $0.73 per share, compared to $41.1 million or $0.77 per share for the year-ago quarter.

Income from continuing operations for the first quarter was $39.2 million or $0.73 per share, compared to $36.4 million or $0.68 per share in the prior year quarter.

Net sales for the first quarter rose 15% to $921.99 million from $799.96 million a year ago, as sales of both towable and motorized RVs posted double-digit growth.

Analysts polled by Thomson Reuters expected the company to earn $0.81 per share on revenue of $903.87 million for the first quarter.