LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Tuesday reported fiscal third-quarter net income of $52.9 million.

The Loudon, Tennessee-based company said it had net income of $2.51 per share. Earnings, adjusted for one-time gains and costs, were $2.61 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.

The maker of performance sports boats posted revenue of $344.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $302.1 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

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