FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Thursday reported third-quarter net income of $56.2 million.
On a per-share basis, the Fairhaven, Massachusetts-based company said it had profit of 89 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The golf products maker posted revenue of $620.5 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $622.6 million.
Acushnet expects full-year revenue in the range of $2.45 billion to $2.5 billion.
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