Acushnet Holdings Corp. (GOLF) Q4 Loss Decreases, But Misses Estimates

(RTTNews) - Acushnet Holdings Corp. (GOLF) (GOLF) announced Loss for fourth quarter that decreased from last year but missed the Street estimates.

The company's earnings totaled -$1.1 million, or -$0.02 per share. This compares with -$26.8 million, or -$0.41 per share, last year.

Analysts on average had expected the company to earn $1.56 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.8% to $445.2 million from $412.9 million last year.

Acushnet Holdings Corp. (GOLF) earnings at a glance (GAAP) :

-Earnings: -$1.1 Mln. vs. -$26.8 Mln. last year. -EPS: -$0.02 vs. -$0.41 last year. -Revenue: $445.2 Mln vs. $412.9 Mln last year.