Thor Industries Posting Steep Loss On Disappointing Q1 Results

(RTTNews) - Shares of Thor Industries Inc. (THO) have climbed off their worst levels of the day but continue to see significant weakness in afternoon trading on Thursday. After hitting its lowest intraday level in well over two years, Thor is currently down by 7.5 percent.

The steep drop by Thor comes after the recreational vehicle maker reported fiscal first quarter results that came in below analyst estimates.

Thor reported first quarter adjusted earnings of $1.28 per share on revenues of $1.76 billion, while analysts had expected earnings of $1.67 per share on revenues of $1.92 billion.