Why Thor Industries Shares Are Gaining Today
Portfolio Pulse from Nabaparna Bhattacharya
Thor Industries reported a 37.1% YoY decline in Q3 FY23 net sales to $2.93 billion, beating the consensus of $2.83 billion. EPS of $2.24 also beat the analyst consensus of $1.07. The company's FY23 outlook includes consolidated net sales of $10.5 billion-$11 billion and EPS of $5.80-$6.50.
June 06, 2023 | 12:54 pm
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POSITIVE IMPACT
Thor Industries beats Q3 FY23 net sales and EPS estimates, leading to a 9.90% increase in premarket trading.
Thor Industries reported better-than-expected Q3 FY23 net sales and EPS, despite a YoY decline in sales. This positive news has led to a 9.90% increase in the company's stock price in premarket trading, indicating a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100