FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Tuesday reported second-quarter earnings of $71.4 million.
The Fairhaven, Massachusetts-based company said it had net income of $1.11 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The golf products maker posted revenue of $683.9 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $709.9 million.
Acushnet expects full-year revenue in the range of $2.45 billion to $2.5 billion.
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