LOUDON, Tenn. (AP) — LOUDON, Tenn. (AP) — Malibu Boats Inc. (MBUU) on Thursday reported fiscal third-quarter earnings of $12.9 million.
The Loudon, Tennessee-based company said it had net income of 66 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The maker of performance sports boats posted revenue of $228.7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $223.4 million.
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