FAIRHAVEN, Mass. (AP) _ Acushnet Holdings Corp. (GOLF) on Thursday reported third-quarter profit of $51.8 million.

On a per-share basis, the Fairhaven, Massachusetts-based company said it had net income of 72 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The golf products maker posted revenue of $558.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $525.8 million.

Acushnet expects full-year revenue in the range of $2.23 billion to $2.25 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News