Acushnet: 2Q Earnings Snapshot
FAIRHAVEN, Mass. (AP) _ Acushnet Holdings Corp. (GOLF) on Thursday reported second-quarter net income of $39.9 million.
The Fairhaven, Massachusetts-based company said it had net income of 53 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The golf products maker posted revenue of $478.1 million in the period, exceeding Street forecasts. Eight analysts surveyed by Zacks expected $453.4 million.
Acushnet shares have increased 20 percent since the beginning of the year. The stock has increased 37 percent in the last 12 months.