Thor Says Revenue Up 64 Percent As RV Sales Improve

World's largest maker of recreational vehicles said sales revenue climbed 64 percent to $679 million as the economy improved and dealers began restocking inventories.

JACKSON CENTER, Ohio (AP) -- Thor Industries Inc., the world's largest maker of recreational vehicles, said sales revenue climbed 64 percent in its most recent quarter to $679 million as the economy improved and dealers began restocking inventories.

Thor said preliminary sales for the nine months ending April 30 rose 49 percent to $1.61 billion versus the same period a year ago. RV sales grew 65 percent, while sales of buses and other commercial vehicles rose 8 percent.

Analysts surveyed by Thomson Reuters are expecting earnings of 57 cents per share on revenue of $666 million when Thor releases its full financial results on June 7.

Thor shares dropped 59 cents, or 1.6 percent, to $35.58 in midday trading.

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