LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Tuesday reported fiscal second-quarter net income of $21.2 million.

On a per-share basis, the Loudon, Tennessee-based company said it had net income of $1.01. Earnings, adjusted for one-time gains and costs, were $1.22 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The maker of performance sports boats posted revenue of $195.6 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $188.7 million.

Malibu Boats shares have climbed 26% since the beginning of the year. The stock has risen 64% 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 MBUU at https://www.zacks.com/ap/MBUU

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