Thor Industries (THO) may witness profit booking

Vehicle maker Thor Industries (NYSE: THO) reported fiscal fourth quarter earnings that surpassed analyst expectations, which sent the  shares of Thor Industries (THO) soaring by about 8% in the first few hours of trading on Tuesday on high volumes to $30.33. THO reported fiscal fourth quarter earnings of $0.45 per share, which were almost double the estimates of $0.23. The company said that operating margins significantly improved in the quarter as a result primarily of cost cutting initiatives. THO, however, has chances to witness some profit booking, as investors who may have bought the stock in last September, may prefer moving out of THO now.