Acushnet: Acushnet: Q4 Earnings Snapshot

In This Article: FAIRHAVEN, Mass. (AP) - FAIRHAVEN, Mass. (AP) - Acushnet Holdings Corp. (GOLF) on Thursday reported a loss of $1.1 million in its fourth quarter. On a per-share basis, the Fairhaven, Massachusetts-based company said it had a loss of 2 cents. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share. The golf products maker posted revenue of $445.2 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $455.1 million. For the year, the company reported profit of $214.3 million, or $3.37 per share. Revenue was reported as $2.46 billion. Acushnet expects full-year revenue in the range of $2.49 billion to $2.54 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOLF at https://www.zacks.com/ap/GOLF