LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Tuesday reported fiscal third-quarter net income of $33.8 million.

On a per-share basis, the Loudon, Tennessee-based company said it had net income of $1.61. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were $1.82 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The maker of performance sports boats posted revenue of $273.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $254.5 million.

Malibu Boats shares have climbed 39% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBUU at https://www.zacks.com/ap/MBUU

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