Thor beats Q4 revenue expectations; misses on earnings

Thor Industries Inc. (THO) surpassed market expectations on revenues for the fourth quarter of 2018 but missed on earnings. The stock has dropped more than 12% on Thursday. Net sales dropped 3% to $1.87 billion. In the Towable segment, net sales were flat while for the Motorized segment, they dropped 13.2%. Net income dropped to … Continue reading Thor beats Q4 revenue expectations; misses on earnings