LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Thursday reported fiscal fourth-quarter net income of $12.4 million.

On a per-share basis, the Loudon, Tennessee-based company said it had profit of 60 cents. Earnings, adjusted for one-time gains and costs, were 76 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The maker of performance sports boats posted revenue of $138.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $122.3 million.

For the year, the company reported profit of $27.6 million, or $1.36 per share. Revenue was reported as $497 million.

Malibu Boats shares have risen 67 percent since the beginning of the year. The stock has increased 88 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBUU at https://www.zacks.com/ap/MBUU