07:09 AM EST, 03/06/2024 (MT Newswires) -- Thor Industries ( THO ) reported fiscal Q2 net earnings Wednesday of $0.13 per diluted share, down from $0.50 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Net sales for the quarter ended Jan. 31 were $2.21 billion, down from $2.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.27 billion.

Thor said it now expects fiscal 2024 EPS of $5 to $5.50, compared with $6.25 to $7.25 previously, and net sales of $10 billion to $10.5 billion, compared with its prior range of $10.5 billion to $11 billion. Analysts polled by Capital IQ expect EPS of $6.67 and revenue of $10.65 billion.

Shares of the company were down nearly 14% in recent premarket activity on Wednesday.

Price: 109, Change: -17.59, Percent Change: -13.9