Summary :
The Austin, Texas-based company said it had net income of 53 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
Yeti expects full-year earnings in the range of $2.34 to $2.46 per share.
AUSTIN, Texas (AP) _ Yeti Holdings Inc. (YETI) on Thursday reported second-quarter earnings of $46.3 million.
The Austin, Texas-based company said it had net income of 53 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.The maker of outdoor and recreational products posted revenue of $420 million in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $424.6 million.
Yeti expects full-year earnings in the range of $2.34 to $2.46 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YETI at https://www.zacks.com/ap/YETI
