FAIRHAVEN, Mass. (AP) — FAIRHAVEN, Mass. (AP) — Acushnet Holdings Corp. (GOLF) on Wednesday reported first-quarter net income of $81.4 million.
The Fairhaven, Massachusetts-based company said it had profit of $1.36 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The golf products maker posted revenue of $753 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $722.1 million.
Acushnet expects full-year revenue in the range of $2.63 billion to $2.68 billion.
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