DULUTH, Ga. (AP) _ Fox Factory Holding Corp. (FOXF) on Thursday reported first-quarter earnings of $48.1 million.
On a per-share basis, the Duluth, Georgia-based company said it had net income of $1.13. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.32 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The vehicle suspension maker posted revenue of $378 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $336.2 million.
For the current quarter ending in July, Fox Factory Holding expects its per-share earnings to range from $1.10 to $1.25.
The company said it expects revenue in the range of $385 million to $405 million for the fiscal second quarter.
Fox Factory Holding expects full-year earnings in the range of $5 to $5.30 per share, with revenue ranging from $1.5 billion to $1.53 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXF at https://www.zacks.com/ap/FOXF
