Thursday, July 26, 2007

Brunswick profit down 29 pct on softer U.S. demand

(Reuters) - CHICAGO, July 26 - Brunswick Corp. , the world's largest maker of recreational boats, posted a 29 percent drop in quarterly earnings on Thursday as U.S. consumers steered clear of big-ticket, discretionary purchases.



Second-quarter net profit fell to $59.3 million, or 65 cents per share, from $83.2 million, or 87 cents a share, a year before. Analysts, on average, expected 64 cents per share, according to Reuters Estimates.


Read more at Reuters.com Market News

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