WASHINGTON (dpa-AFX) - Brunswick Corp. (BC) posted third-quarter net earnings from continuing operations of $61.0 million, or $0.64 per share, up from $57.2 million, or $0.61 per share, last year.
On an adjusted basis, earnings from continuing operations for the quarter were $0.63 per share, compared to $0.58 in the year-ago period. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.58 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly sales rose 13 percent to $932.1 million from $824.4 million in the year-ago period. Analysts estimated revenues of $915.77 million for the quarter.
Looking forward to fiscal 2014, the company now expects adjusted earnings per share in a range of $2.30 to $2.35 per share, compared to the prior range of $2.25 to $2.35 per share.
The company now expects full-year growth rate in consolidated sales of about 6 percent, compared to the prior range for growth of 5 percent to 6 percent.
Analysts project earnings per share of $2.33 for the year on revenues of $3.82 billion.
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