Thor Q3 Profit Misses Estimate

(RTTNews) - Recreational vehicle maker Thor Industries, Inc. (THO) reported net income for the third quarter of $62.8 million or $1.17 per share, compared to $55.1 million or $1.03 per share for the year-ago quarter.

Income from continuing operations for the third quarter was $63.6 million or $1.19 per share, compared to $55.1 million or $1.03 per share in the prior year quarter.

Sales for the third quarter rose 12% to $1.17 billion from $1.05 billion in the third quarter of last year, as sales of both towable and motorized RVs posted gains from a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.21 per share on revenue of $1.17 billion for the third quarter. Analysts' estimates typically exclude special items.