FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Wednesday reported a loss of $58,000 in its fourth quarter.
The Fairhaven, Massachusetts-based company said it had a loss of less than 1 cent on a per-share basis.
The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The golf products maker posted revenue of $447.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $421.5 million.
For the year, the company reported profit of $199.3 million, or $2.75 per share. Revenue was reported as $2.27 billion.
Acushnet expects full-year revenue in the range of $2.33 billion to $2.38 billion.
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