METTAWA, Ill. (AP) — METTAWA, Ill. (AP) — Brunswick Corp. (BC) on Thursday reported first-quarter profit of $68 million.
The Mettawa, Illinois-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.35 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The boat and sporting goods company posted revenue of $1.37 billion in the period, which met Street forecasts.
For the current quarter ending in June, Brunswick expects its per-share earnings to range from $1.85 to $2.05.
The company expects full-year earnings in the range of $7 to $8 per share.
Brunswick shares have decreased 11% since the beginning of the year. The stock has climbed slightly in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BC at https://www.zacks.com/ap/BC
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