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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why Is American RV Manufacturer Thor Industries Stock Gaining Today

THO Thor Industries Michael Gordon North American Powell
Thor Industries-Image by Michael Gordon via Shutterstock

American recreational vehicles (RV) manufacturer Thor Industries, Inc. (NYSE:THO) shares traded higher on Wednesday after the company reported strong fourth-quarter financial results.

Thor Industries clocked fourth-quarter earnings per share of $2.36, beating the analyst consensus estimate of $1.27. Quarterly sales of $2.523 billion (-0.4% year over year) outpaced the Street view of $2.333 billion.

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