Thor Industries Notches Convincing Q3 EPS Beats
Recreational vehicle (RV) maker Thor Industries (NYSE: THO) got off to a roaring start this week. On Monday, the company reported its latest quarterly figures that topped analyst estimates, despite recording notable declines in key line items.
For its third quarter of fiscal 2020, Thor booked net sales of $1.68 billion, down almost 33% from the third quarter 2019 result. Net income slid to $22.8 million, or $0.43 per share, from the year-ago figure of $31.4 million.
Both headline numbers were better than analysts had been expecting. Collectively, their estimate was for $1.67 billion on the top line, and only $0.29 per share for net profit.
Source Fool.com
