Malibu Boats: Fiscal Q4 Earnings Snapshot

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LOUDON, Tenn. (AP) — LOUDON, Tenn. (AP) — Malibu Boats Inc. (MBUU) on Tuesday reported a loss of $17.4 million in its fiscal fourth quarter.

The Loudon, Tennessee-based company said it had a loss of 86 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.98 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.

The maker of performance sports boats posted revenue of $372.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $328.1 million.

For the year, the company reported profit of $104.5 million, or $5.06 per share. Revenue was reported as $1.39 billion.

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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