LOUDON, Tenn. (AP) — LOUDON, Tenn. (AP) — Malibu Boats Inc. (MBUU) on Thursday reported a loss of $19.2 million in its fiscal fourth quarter.
The Loudon, Tennessee-based company said it had a loss of 94 cents per share. Losses, adjusted for one-time gains and costs, came to 39 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The maker of performance sports boats posted revenue of $158.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $155.4 million.
For the year, the company reported a loss of $55.9 million, or $2.74 per share. Revenue was reported as $829 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBUU at https://www.zacks.com/ap/MBUU
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
