Thor Industries Shares Rally On Robust Quarterly Earnings

By Sue ChangMarketsMarketWatch Pulse

Shares of Thor Industries Inc. rallied in Monday's extended session after the recreatonal vehicle maker posted quarterly results that soundly beat Wall Street's expectations. Thor reported its fiscal first-quarter earnings rose to $78.7 million, or $1.49 a share, from $50.5 million, or 96 cents a share, a year earlier. Revenue increased 66% to $1.71 billion. Analysts surveyed by FactSet had projected earnings of $1.23 a share and revenue of $1.5 billion. Shares rallied nearly 7% after hours.

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