MasterCraft Boat Holdings, Inc.: Fiscal 2Q Earnings Snapshot
VONORE, Tenn. (AP) _ MasterCraft Boat Holdings (MCFT) on Thursday reported fiscal second-quarter net income of $10.2 million.
The Vonore, Tennessee-based company said it had profit of 54 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 64 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The sport boats maker posted revenue of $121.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $112.4 million.
MasterCraft Boat Holdings, Inc. shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.42, a climb of roughly 3 percent in the last 12 months.