Thor Industries shares are trading lower after the company reported a year-over-year decrease in Q2 financial results and cut FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Thor Industries shares dropped following a report of decreased Q2 financial results year-over-year and a reduction in FY24 guidance below expectations.
March 06, 2024 | 12:25 pm
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Thor Industries reported a decrease in Q2 financial results compared to last year and lowered its FY24 guidance below market expectations.
The reported decrease in Q2 financial results and the reduction in FY24 guidance below market expectations are likely to negatively impact investor sentiment towards Thor Industries. This could lead to a decrease in stock price in the short term as investors adjust their expectations based on the new guidance and financial performance.
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