RV maker Thor Industries exceeded earnings expectations, reporting adjusted earnings per share of $1.68 on $2.74 billion in revenue. Analysts had predicted earnings of 96 cents per share and $2.42 billion in revenue. The company also issued full-year guidance for revenue in the range of $10.5 billion to $11 billion, slightly below the Wall Street estimate of $10.8 billion. Despite the positive results, shares of Thor Industries were down 1% in after-hours trading.
In other news, stock futures opened with little change as the S&P 500 and Nasdaq Composite ended their winning streaks from the past four days. Dow Jones Industrial Average futures added 8 points, or 0.02%, while S&P 500 futures increased by 0.05%, and Nasdaq 100 futures rose by 0.07%.
Overall, Thor Industries’ strong earnings performance indicates a positive outlook for the recreational vehicle industry. The company’s revenue surpassing expectations and optimistic full-year guidance suggest continued growth. However, the slight decline in after-hours trading may be due to market factors influencing investor sentiment. In the broader market, stock futures seem to be holding steady, indicating a relatively stable start to the trading day. Investors will be closely monitoring market trends and economic indicators to make informed decisions in the coming days.