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Fox Factory Holding beats Street 4Q forecasts

SCOTTS VALLEY, Calif. (AP) _ Fox Factory Holding Corp. (FOXF) on Wednesday reported fourth-quarter profit of $9.8 million.

The Scotts Valley, California-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The vehicle suspension maker posted revenue of $111.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $106.5 million.

For the year, the company reported profit of $35.7 million, or 94 cents per share. Revenue was reported as $403.1 million.

For the current quarter ending in April, Fox Factory Holding expects its per-share earnings to range from 24 cents to 28 cents.

The company said it expects revenue in the range of $96 million to $100 million for the fiscal first quarter.

Fox Factory Holding expects full-year earnings in the range of $1.31 to $1.41 per share, with revenue ranging from $430 million to $450 million.

Fox Factory Holding shares have fallen 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.15, a climb of 61 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXF at https://www.zacks.com/ap/FOXF


Keywords: Fox Factory Holding, Earnings Report