Recreational vehicle provider Thor Industries exceeded expectations for both earnings and revenue in its recent financial report. The company reported adjusted earnings of $1.68 per share on $2.74 billion in revenue, outperforming analysts’ forecasts of 96 cents per share and $2.42 billion respectively. Additionally, Thor Industries issued full-year revenue guidance in the range of $10.5 billion to $11 billion, slightly lower than Wall Street’s expectation of $10.8 billion. Following the news, shares in the company declined by approximately 1% in after-hours trading.
In other news, stock futures opened with little change on Monday, as the S&P 500 and Nasdaq Composite broke their winning streak of four consecutive sessions. Futures tied to the Dow Jones Industrial Average increased by 8 points (0.02%), S&P 500 futures rose by 0.05%, and Nasdaq 100 futures saw a slight uptick of 0.07%.
Overall, Thor Industries’ better-than-expected earnings report indicates a strong performance for the company in the recreational vehicle market. However, the slight decline in share prices suggests that investors may have had higher expectations. In the broader market, the opening of stock futures with minimal change suggests a relatively stable start to the trading day after recent gains.