Recreational Vehicles Maker Thor Industries Cuts FY24 Forecast Amid Industry Challenges, Stock Dips
Portfolio Pulse from Nabaparna Bhattacharya
Thor Industries (NYSE:THO) has cut its FY24 sales and EPS guidance amid industry challenges, despite beating Q3 earnings and sales estimates. The stock dipped 0.80% following the announcement.
June 05, 2024 | 4:26 pm
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Thor Industries reported Q3 earnings and sales that beat estimates but lowered its FY24 sales and EPS guidance due to industry challenges. The stock dipped 0.80% following the announcement.
Despite beating Q3 earnings and sales estimates, Thor Industries lowered its FY24 sales and EPS guidance due to industry challenges, leading to a 0.80% dip in the stock price. This indicates a negative short-term impact on the stock.
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