Shares of Thor Industries declined 1.2% in extended trading despite the company’s fiscal fourth-quarter results surpassing expectations on the top and bottom lines, following a 2% gain during the Monday session.
The recreational vehicles producer posted earnings of $1.68 per share, down from $5.15 per share a year earlier and topping Street expectations of $0.96 per share. Revenue was $2.74 billion, a decrease of 28% from the year-ago quarter and above expectations of $2.42 billion.
Meanwhile, the Jeff Bezos-owned aerospace company Blue Origin is swapping its CEO for an outgoing Amazon.com Inc executive, according to reports.
Blue Origin CEO Bob Smith plans to retire on December 4, at which point Amazon’s senior vice president of devices and services David Limp will step into the role. In August, Amazon announced that Limp would depart the company later in 2023 after 13 years.
Elsewhere, the Securities and Exchange Commission (SEC) has escalated its investigation into Wall Street's use of private messaging applications, collecting thousands of staff messages from over a dozen major investment companies.
As per Reuters, the SEC's heightened scrutiny is aimed at assessing potential breaches of record-keeping rules and ensuring compliance within the financial sector.