Thor Industries Slashes FY24 Outlook As Q2 Results Miss Estimates

Thor Industries Slashes FY23 Outlook As Q2 Results Miss Estimates

Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Tuesday that net income attributable to the company for the second quarter was $27.08 million or $0.50 per share, sharply down from $266.57 million or $4.79 per share in the prior-year quarter.

RTTNews | 721 ngày trước

German GDP Shrinks On Weaker Exports

The German economy contracted in the fourth quarter, in line with estimate, as the sharp decline in exports offset the improvement in consumption. Gross domestic product declined 0.2 percent from a quarter ago, reversing a 0.1 percent sequential growth in the third quarter, detailed report from Destatis showed on Tuesday. The figures matched the estimate published on January 30.

RTTNews | 5h 5phút trước

Europe New Car Registrations Decline In January

Europe's new car registrations declined in January as sales weakened across three major markets, the European Automobile Manufacturers' Association said Tuesday. New car sales decreased 2.6 percent from a year ago, in contrast to the 5.1 percent increase in December. Car registrations declined 6.2 percent in France and by 5.8 percent in Italy. Germany reported a moderate fall of 2.8 percent.

RTTNews | 5h 59phút trước

China Maintains Medium-Term Lending Facility Rate

The People's Bank of China conducted one-year medium-term lending facility operations on Tuesday and the interest rate on MLF was kept unchanged. The central bank issued CNY 300 billion of one-year MLF at a rate of 2.0 percent. The interest rate was unchanged from the previous operation.

RTTNews | 6h 38phút trước

European Economics News Preview: Germany GDP Data Due

Revised quarterly national accounts data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data. The initial estimate showed that the largest euro area economy contracted 0.2 percent in fourth quarter after expanding 0.1 percent in the preceding quarter.

RTTNews | 7h 12phút trước

European Shares Poised To Open Lower On Trump Tariff Concerns

European stocks may drift lower at open on Tuesday after the S&P 500 posted its third consecutive session loss on tariff worries and apprehensions over the artificial intelligence-driven narratives.

RTTNews | 7h 41phút trước

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea reduced its benchmark rate by a quarter-point on Tuesday as domestic political unrest and trade policies of the US government weighed on domestic demand and economic growth. The monetary policy board, governed by Rhee Chang Yong, decided to lower the Base Rate by 25 basis points to 2.75 percent. The decision matched expectations.

RTTNews | 7h 47phút trước

Sensex, Nifty Modestly Higher In Cautious Trade

Indian shares were slightly higher in cautious trade on Tuesday after having suffered heavy losses in the previous session on tariff worries and apprehensions over the artificial intelligence-driven narratives.

RTTNews | 8h 59phút trước

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