Why Thor Industries, Inc. Stock Jumped 15.9% in September
Shares of Thor Industries Inc. (NYSE: THO) rose 15.9% in September, according to data from S&P Global Market Intelligence, after the recreational vehicle specialist delivered record quarterly results.
More specifically, shares rallied late in the month after Thor Industries confirmed that its fiscal fourth-quarter revenue climbed 49.7% year over year to $1.93 billion, which translated to 43.9% growth in net income to $119.5 million, or $2.26 per share. Both figures effectively crushed Wall Street's prediction for earnings of $1.95 per share on revenue of $1.84 billion.
IMAGE SOURCE: THOR INDUSTRIES.
Source: Fool.com