Why Shares of Thor Industries Got Hammered Today
Shares of recreational-vehicle maker Thor Industries (NYSE: THO) were down sharply on Monday afternoon, after earnings that missed estimates exacerbated the effects of a broad-based market sell-off.
As of 3:30 p.m. EDT, Thor's shares were trading down about 25.5% from Friday's closing price.
Thor generated adjusted earnings per share of $0.67 in the quarter that ended on Jan. 31, up a bit from a year ago but short of Wall Street's expectations. Analysts polled by Thomson Reuters had expected adjusted earrings of $0.70 per share, on average.
Source Fool.com
