FAIRHAVEN, Mass. (AP) _ Acushnet Holdings Corp. (GOLF) on Thursday reported first-quarter profit of $85 million.

The Fairhaven, Massachusetts-based company said it had net income of $1.13 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The golf products maker posted revenue of $580.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $505.4 million.

Acushnet expects full-year revenue in the range of $1.8 billion to $1.88 billion.

Acushnet shares have increased almost 6% since the beginning of the year. The stock has risen 60% 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 GOLF at https://www.zacks.com/ap/GOLF

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