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MACON, Ga. (AP) — MACON, Ga. (AP) — Blue Bird Corp. (BLBD) on Wednesday reported fiscal third-quarter earnings of $28.7 million.
On a per-share basis, the Macon, Georgia-based company said it had net income of 85 cents. Earnings, adjusted for stock option expense, were 91 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The school bus maker posted revenue of $333.4 million in the period.
Blue Bird expects full-year revenue in the range of $1.3 billion to $1.33 billion.
Blue Bird shares have increased 80% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.45, more than doubling 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 BLBD at https://www.zacks.com/ap/BLBD