MasterCraft Boat stocks rises after earnings beat analyst forecast and raises outlook

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MasterCraft Boat Holdings Inc.’s stock is up 4.3% after the boat builder’s earnings and revenue beat analyst forecasts. MasterCraft said its third-quarter...

MasterCraft Boat Holdings Inc.’s stock MCFT is up 4.3% after the boat builder’s earnings and revenue beat analyst forecasts. MasterCraft said its third-quarter net income rose to $22.51 million or $1.27 a share, from $20.94 million, or $1.13 a share, in the year-ago quarter. Adjusted profit in the latest quarter totaled $1.36 a share, ahead of the analyst estimate of $1.04 a share. Third-quarter sales fell to $166.78 million, from $169.34 million, ahead of the analyst estimate of $158.4 million.

3% after the boat builder’s earnings and revenue beat analyst forecasts. MasterCraft said its third-quarter net income rose to $22.51 million or $1.27 a share, from $20.94 million, or $1.13 a share, in the year-ago quarter. Adjusted profit in the latest quarter totaled $1.36 a share, ahead of the analyst estimate of $1.04 a share. Third-quarter sales fell to $166.78 million, from $169.34 million, ahead of the analyst estimate of $158.4 million.

 

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