LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Thursday reported fiscal first-quarter net income of $26.9 million.

On a per-share basis, the Loudon, Tennessee-based company said it had net income of $1.28. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were $1.37 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The maker of performance sports boats posted revenue of $253.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $242.3 million.

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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