VONORE, Tenn. (AP) — VONORE, Tenn. (AP) — MasterCraft Boat Holdings (MCFT) on Thursday reported a loss of $8 million in its fiscal fourth quarter.
On a per-share basis, the Vonore, Tennessee-based company said it had a loss of 48 cents. Losses, adjusted for one-time gains and costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The sport boats maker posted revenue of $67.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $63.7 million.
For the year, the company reported profit of $7.8 million, or 46 cents per share. Revenue was reported as $366.6 million.
For the current quarter ending in September, MasterCraft Boat Holdings, Inc. expects its per-share earnings to be 4 cents.
The company said it expects revenue in the range of $61 million for the fiscal first quarter.
MasterCraft Boat Holdings, Inc. expects full-year earnings in the range of 36 cents to 87 cents per share, with revenue ranging from $265 million to $300 million.
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