MCBC Holdings: Fiscal 1Q Earnings Snapshot
VONORE, Tenn. (AP) _ MCBC Holdings Inc. (MCFT) on Thursday reported fiscal first-quarter profit of $8.5 million.
On a per-share basis, the Vonore, Tennessee-based company said it had net income of 45 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 54 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The sport boats maker posted revenue of $93.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $91.3 million.
MCBC Holdings shares have risen 51 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.61, a rise of 50 percent in the last 12 months.