VONORE, Tenn. (AP) _ MasterCraft Boat Holdings (MCFT) on Wednesday reported fiscal first-quarter net income of $10.4 million.

On a per-share basis, the Vonore, Tennessee-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The sport boats maker posted revenue of $144 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $134.1 million.

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