MasterCraft Boat raises outlook following profit beat; shares jump

Mastercraft Boat Holdings

11/11/2020 16:37

** Recreational powerboats maker's shares  MCFT.O  rise as
much as 9.2% to a one-week high of $23.90
    ** Stock up for the second straight session and on track to
post the biggest one-day gain in over two weeks
    ** Co reports better-than-expected Q1 revenue and EPS,
helped by higher parts sales volume due to "unprecedented" boat
usage during the coronavirus crisis  urn:newsml:reuters.com:*:nGNX9X1NJH
    ** Raises full-year sales and earnings outlook
    ** MCFT's revenue and EPS have beaten the Wall Street
estimate for two consecutive quarters
    ** YTD, stock has risen about 45%
    

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))