VONORE, Tenn. (AP) — MasterCraft Boat Holdings (MCFT) on Wednesday reported a loss of $2.8 million in its fiscal fourth quarter.
On a per-share basis, the Vonore, Tennessee-based company said it had a loss of 15 cents. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The sport boats maker posted revenue of $51.1 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $36.8 million.
For the year, the company reported a loss of $24 million, or $1.28 per share, swinging to a loss in the period. Revenue was reported as $363.1 million.
MasterCraft Boat Holdings, Inc. shares have increased 43% since the beginning of the year. The stock has risen 44% in the last 12 months.