Mailbu Boats (MBUU)

[makinezmoney]

$MBUU: Quarterly revs up 11%


Malibu Boats Shares Up 11% on 2Q Earnings, Revenue Beat MBUU
8:12 AM ET 2/6/20 | Dow Jones
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4:00 PM ET 2/5/20
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By Chris Wack

Malibu Boats Inc. (MBUU) shares rose 11% to $51.55 premarket after the company reported earnings that beat analysts' expectations.

The maker and marketer of boats reported second-quarter net income of $16.7 million, or 81 cents a share, compared to $14.3 million, or 68 cents a share, in the same period a year ago. Analysts polled by FactSet were looking for earnings of $14.7 million, or 63 cents a share.

Adjusted earnings were 93 cents a share, compared to analysts' expectations of 69 cents a share.

Sales for the quarter came in at $180.1 million, compared to last year's $165.8 million and the $164.1 million analysts were expecting.

Write to Chris Wack at [e-mail]

> Dow Jones Newswires

February 06, 2020 08:12 ET (13:12 GMT)

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