Acushnet: Q4 Earnings Snapshot

Associated Press Finance
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FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Thursday reported a loss of $26.8 million in its fourth quarter.

On a per-share basis, the Fairhaven, Massachusetts-based company said it had a loss of 41 cents.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The golf products maker posted revenue of $413 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $433.5 million.

For the year, the company reported profit of $198.4 million, or $2.94 per share. Revenue was reported as $2.38 billion.

Acushnet expects full-year revenue in the range of $2.45 billion to $2.5 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 GOLF at https://www.zacks.com/ap/GOLF

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