LOUDON, Tenn. (AP) — LOUDON, Tenn. (AP) — Malibu Boats Inc. (MBUU) on Thursday reported a loss of $5 million in its fiscal first quarter.
On a per-share basis, the Loudon, Tennessee-based company said it had a loss of 25 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 8 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The maker of performance sports boats posted revenue of $171.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $163.3 million.
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