Malibu Boats Stock Plunges Despite Revenue Beat

Malibu Boats' stock price nosedived almost 15% despite exceeding sales expectations, as disappointing profit margins spooked investors. Adjusted earnings per share missed analysts' forecasts, overshadowing a revenue beat of $207 million. The drop highlights a challenging year for the company, with the stock down nearly 10% since January, leaving investors uncertain about its future profitability amidst fluctuating interest rates and consumer confidence. Hosted on Acast. See acast.com/privacy for more information.