Brunswick (NYSE:BC) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Brunswick announced earnings per share of $0.96 on revenue of $965.5M. Analysts polled by anticipated EPS of $0.89 on revenue of $1.01B. That with comparison to EPS of $0.99 on revenue of $1.28B in the same period a year before. Brunswick had reported EPS of $0.82 on revenue of $917.6M in the previous quarter. Analysts are expecting EPS of $0.72 and revenue of $897.25M in the upcoming quarter.
Brunswick shares are down 18.77% from the beginning of the year , still down 26.54% from its 52 week high of $66.32 set on February 12. They are under-performing the EUR/USD which is down 0% year to date.
Brunswick follows other major Consumer Cyclical sector earnings this month
Brunswick's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.24 on revenue of $5.99B, compared to forecasts EPS of $-0.25 on revenue of $6.16B.
Volkswagen 10 Pref ADR had missed expectations on Wednesday with first quarter EPS of $0.08 on revenue of $59.75B, compared to forecast for EPS of $0.12 on revenue of $58.33B.
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