RV maker Thor Industries exceeded expectations in its earnings report, with adjusted earnings per share of $1.68 and revenue of $2.74 billion. Analysts had predicted earnings of 96 cents per share and revenue of $2.42 billion. The company’s full-year revenue guidance of $10.5 billion to $11 billion also surpassed Wall Street expectations of $10.8 billion. Despite these positive results, Thor Industries’ stock was down by approximately 1% in after-hours trading.
In other news, stock futures opened with little change on Monday. The S&P 500 and Nasdaq Composite ended their winning streaks from the previous four days. Futures associated with the Dow Jones Industrial Average increased by 8 points (0.02%), while S&P 500 futures rose by 0.05% and Nasdaq 100 futures ticked up by 0.07%.
Overall, Thor Industries’ strong earnings report and revenue guidance indicate optimistic prospects for the company. However, market sentiment remained steady as stock futures opened with minimal changes, indicating a cautious approach from traders and investors.