Brunswick: Q2 Earnings Snapshot

Associated Press Finance
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METTAWA, Ill. (AP) — METTAWA, Ill. (AP) — Brunswick Corp. (BC) on Thursday reported second-quarter profit of $134.7 million.

On a per-share basis, the Mettawa, Illinois-based company said it had profit of $1.90. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.35 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.

The boat and sporting goods company posted revenue of $1.7 billion in the period, which matched Street forecasts.

Brunswick expects full-year earnings to be $9.50 per share, with revenue in the range of $6.7 billion to $6.8 billion.

Brunswick shares have risen 23% since the beginning of the year. The stock has increased 19% in the last 12 months.

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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 BC at https://www.zacks.com/ap/BC

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