MasterCraft Boat Holdings, Inc.: Fiscal 4Q Earnings Snapshot
VONORE, Tenn. (AP) _ MasterCraft Boat Holdings (MCFT) on Thursday reported a fiscal fourth-quarter loss of $10.1 million, after reporting a profit in the same period a year earlier.
The Vonore, Tennessee-based company said it had a loss of 54 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The sport boats maker posted revenue of $122.8 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $126.2 million.
For the year, the company reported profit of $21.4 million, or $1.14 per share. Revenue was reported as $466.4 million.
MasterCraft Boat Holdings, Inc. shares have decreased slightly more than 2% since the beginning of the year. The stock has fallen 51% in the last 12 months.