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Malibu Boats Stock Gets Torpedoed After Q4 Report Despite Strong Performance

·5 min read
Malibu Boats Stock Gets Torpedoed After Q4 Report Despite Strong Performance
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Concerns about supply-chain problems appeared to outweigh the impact of soaring demand and other upbeat news in the minds of Wall Street traders. Malibu Boats beat analysts' consensus expectations on both the top and bottom lines, with revenue delivering a nearly 8% positive surprise and adjusted EPS outperforming expectations by 12.2%. Malibu not only more than doubled its number of boats sold, but it also sold more high-end watercraft.