« What's Buffett Buying | Main | Today’s Make-Believe Issue: We Have Too Much Cash »

Today’s trading is fairly quiet but Thor Industries (THO) is soaring on a strong earnings report.

Thor Industries Inc., a maker of motor homes, travel trailers and other recreational vehicles, said Monday its fiscal first-quarter profit rose 24 percent, driven by higher recreational vehicle sales and increases in retail market share.

For the quarter ended Oct. 31, Thor reported net income of $43.4 million, or 76 cents per share, compared with a prior-year profit of $35.1 million, or 61 cents per share. Sales climbed 20 percent to $761.3 million from $632.7 million a year ago.

Wall Street had projected a profit of 72 cents per share on estimated sales of $734.2 million, according to Thomson Financial.
Retail recreational vehicle sales rose 19 percent in October and jumped 21 percent in the quarter, Thor said.

The stock is up over 7% today. It looks like we’ll have to wait another day for Dow 11000.

Posted by edelfenbein at November 28, 2005 11:10 AM