Thor Falls After Profit Misses Estimates: Detroit Mover
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Thor Industries Inc. fell the most in almost seven months after the maker of Airstream recreational vehicles and Champion buses reported a fiscal first-quarter profit that fell short of analysts’ estimates.
The shares slid 11 percent to $38.60 at the close in New York, the biggest one-day decline since May 3. The company has gained 41 percent this year, while the Standard & Poor’s Midcap Consumer Discretionary Index has risen 21 percent.