Malibu Boats Q2 Adj. EPS $0.57 Beats $0.47 Estimate, Sales $211.07M Miss $219.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats, Inc. (NASDAQ:MBUU) reported Q2 adjusted EPS of $0.57, surpassing the $0.47 estimate, but experienced a significant year-over-year decline in earnings and sales. Sales for the quarter were $211.07M, falling short of the $219.70M estimate and showing a 37.69% decrease from the previous year.
January 30, 2024 | 12:04 pm
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NEUTRAL IMPACT
Malibu Boats reported a mixed Q2 with an EPS beat but disappointing sales figures, indicating potential volatility in the short term.
While the EPS beat could be seen as a positive signal, the significant year-over-year decline in both earnings and sales could worry investors about the company's growth trajectory, leading to potential short-term stock price volatility.
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