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Malibu Boats: Fiscal 3Q Earnings Snapshot

LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Thursday reported fiscal third-quarter net income of $21.1 million.

The Loudon, Tennessee-based company said it had profit of $1.01 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.15 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The maker of performance sports boats posted revenue of $199.9 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $187.9 million.

Malibu Boats shares have increased 19% since the beginning of the year. The stock has risen 0.5% 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 MBUU at https://www.zacks.com/ap/MBUU