Why Is Thor Industries Stock Diving After Q2 Results?
Portfolio Pulse from Nabaparna Bhattacharya
Thor Industries, Inc. (NYSE:THO) reported Q2 earnings and revenue below analyst expectations, with significant declines in North American RV sales and a slight increase in European RV sales. The company also reduced its FY24 revenue and EPS outlook, leading to an 11.15% drop in its stock price.
March 06, 2024 | 4:24 pm
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Thor Industries reported lower-than-expected Q2 earnings and revenue, with a significant stock price drop following the announcement.
Thor Industries' stock price decline is directly related to its Q2 earnings miss and lowered FY24 forecasts. The significant drop in North American RV sales and the adjustment of financial outlooks have likely contributed to negative investor sentiment, leading to a sharp decrease in stock price.
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