MasterCraft Boat Holdings on Thursday reported a fiscal third-quarter profit of $12.8 million.

The Vonore-based company said it had a profit of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The sport boats maker posted revenues of $128.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $122.9 million.

MasterCraft Boat Holdings Inc. shares have climbed 33% since the beginning of the year. The stock has dropped slightly more than 3% in the past 12 months.

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