Brunswick: Q2 Earnings Snapshot
METTAWA, Ill. (AP) — METTAWA, Ill. (AP) — Brunswick Corp. (BC) on Thursday reported second-quarter net income of $100 million.
The Mettawa, Illinois-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.80 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The boat and sporting goods company posted revenue of $1.44 billion in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $1.55 billion.
For the current quarter ending in September, Brunswick expects its per-share earnings to range from $1.15 to $1.25.
The company said it expects revenue in the range of $1.2 billion to $1.3 billion for the fiscal third quarter.
Brunswick expects full-year earnings in the range of $5 to $5.50 per share, with revenue ranging from $5.2 billion to $5.4 billion.
Brunswick shares have dropped 24% since the beginning of the year. The stock has decreased 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BC at https://www.zacks.com/ap/BC