Brunswick Corp. (BC) revealed a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $20.2 million, or $0.30 per share. This compares with $68.0 million, or $0.99 per share, last year.
Excluding items, Brunswick Corp. reported adjusted earnings of $72.1 million or $0.56 per share for the period.
Analysts on average had expected the company to earn $0.22 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 10.5% to $1.221 billion from $1.365 billion last year.
Brunswick Corp. earnings at a glance (GAAP) :
-Earnings: $20.2 Mln. vs. $68.0 Mln. last year.
-EPS: $0.30 vs. $0.99 last year.
-Revenue: $1.221 Bln vs. $1.365 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.1 - $1.3 Bln
Next quarter revenue guidance: $0.80 - $1.10
Full year EPS guidance: $2.50 - $4.00
Full year revenue guidance: $5.0 - $5.4 Bln
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