Newz(MBUU) on Thursday reported fiscal fourth-quarter net income of $7.2 million. The Loudon, Tennessee-based company said it had profit of 37 cents per share. Earnings, adjusted for one-time gains and costs, were 92 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. The maker of performance sports boats posted revenue of $295.5 million in the period, also beating Street forecasts.
Three analysts surveyed by Zacks expected $263 million. For the year, the company reported profit of $1.7 million, or 9 cents per share. Revenue was reported as $914.6 million.
Malibu Boats expects full-year revenue in the range of $1.08 billion to $1.12 billion. _____ 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 Source
(BBY) on Thursday reported fiscal second-quarter profit of $315 million. The Richfield, Minnesota-based company said it had profit of $1.48 per share. Earnings, adjusted for restructuring gains, were $1.47 per share.
The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. The consumer electronics retailer posted revenue of $9.78 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $9.56 billion.
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