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Fox Factory Holding: Q4 Earnings Snapshot

By The Associated Press

DULUTH, Ga. (AP) — DULUTH, Ga. (AP) — Fox Factory Holding Corp. (FOXF) on Thursday reported a loss of $287 million in its fourth quarter.

The Duluth, Georgia-based company said it had a loss of $6.86 per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The vehicle suspension maker posted revenue of $361.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $349.1 million.

For the year, the company reported a loss of $544.6 million, or $13.03 per share. Revenue was reported as $1.47 billion.

For the current quarter ending in March, Fox Factory Holding said it expects revenue in the range of $343 million to $369 million.

The company expects full-year revenue in the range of $1.33 billion to $1.42 billion.

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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 FOXF at https://www.zacks.com/ap/FOXF

14-term Rep. John Larson ousted by challenger in Connecticut Democratic primary

▶ Watch Video: Analysis of key primary races in Minnesota, Wisconsin, South Carolina and more Democratic Rep. John Larson — who has represented central Connecticut since the late 1990s — lost his party's primary Tuesday to former Hartford Mayor Luke Bronin, CBS News has projected, after a campaign dominated by debates about generational change.With just over half of the vote counted at around 10:15 p.m. ET, Bronin led Larson by just under 20 percentage points, or nearly 7,000 votes. West Hartford state Rep. Jillian Gilchrest and Hartford Board of Education member Ruth Fortune trailed the two front-runners.The candidates for the reliably blue Hartford-area House seat agreed on many key policy issues. Instead, the primary turned on whether Democrats should send a longtime lawmaker back to Congress or opt for a newer — and younger — candidate. Larson, 78, was seeking a 15th term in Congress, while Bronin was 31 years younger than him.Bronin focused heavily on that theme. His campaign website promised "new energy, new ideas, and new perspectives," and he cast Larson as a "status quo" candidate, telling voters: "The stakes are too high to keep doing the same thing."The Connecticut Democratic Party endorsed Bronin over Larson at its convention in May, an upset that prompted Bronin to call on his rival to "pass the torch." Bronin was also endorsed earlier this year by Biden-era Transportation Secretary Pete Buttigieg, who ran for president in 2020 and is widely viewed as a possible 2028 contender.Larson, meanwhile, presented his long tenure in Congress as an asset, arguing he has delivered for constituents and — as one of the longest-serving House Democrats — would have more sway.House Minority Leader Hakeem Jeffries, a New York Democrat, campaigned for Larson.  "We are going to come in as a full committee chairman, not as some freshman in Congress with some assignment," Larson told Hartford CBS affiliate WFSB-TV.Bronin raised just over $3 million during the primary, ahead of Larson's $2.7 million.Bronin will now face Republican nominee Amy Chai, who ran for her party's nomination unopposed.
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