Airstream parent Thor posts record sales, beats earnings expectations

Shares of Thor Industries Inc. jumped 7% late Monday after the maker of Airstream, Dutchmen, and other RV subsidiaries reported fiscal first-quarter 2018 earnings and sales above Wall Street expectations. Thor said it earned $128.4 million, or $2.43 a share, in the quarter, compared with $78.7 million, or $1.50 a share, in the year-ago period. Sales rose 31% to $2.23 billion, compared with $1.71 billion a year ago. Analysts polled by FactSet had expected earnings of $1.84 a share on sales of $1.99 billion.

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