Yeti: 1Q Earnings Snapshot

AUSTIN, Texas (AP) _ Yeti Holdings Inc. (YETI) on Thursday reported first-quarter net income of $8.5 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 10 cents. Earnings, adjusted for stock option expense, were 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The maker of outdoor and recreational products posted revenue of $174.4 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $157.6 million.

Yeti shares have fallen 22% since the beginning of the year. The stock has dropped roughly 10% in the last 12 months.

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