Fox Factory Holding Q2 Profit Rises - Quick Facts

(RTTNews) - Fox Factory Holding Corp. (FOXF) Thursday reported second-quarter profit of $5.7 million or $0.17 per share, up from $4.3 million or $0.14 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $6.7 million or $0.19 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 15.8 percent to $70.3 million from $60.7 million last year. Analysts expected revenues of $70.30 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.23 to $0.27 per share, with revenues ranging between $79 million and $82 million. Analysts currently expect the company to earn $0.27 per share on third-quarter revenues of $80.44 million.

For the fiscal year 2013, the company expects to report earnings in the range of $0.61 to $0.67 per share with revenues in the order of $264 million to $270 million. Analysts currently expect full-year earnings of $0.69 per share and revenues of $267.18 million.