American Outdoor Brands: Fiscal 1Q Earnings Snapshot
SPRINGFIELD, Mass. (AP) _ American Outdoor Brands Co. (AOBC) on Thursday reported fiscal first-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Springfield, Massachusetts-based company said it had profit of 14 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The firearm maker posted revenue of $138.8 million in the period.
For the current quarter ending in November, American Outdoor Brands expects its per-share earnings to range from 11 cents to 15 cents.
The company said it expects revenue in the range of $150 million to $160 million for the fiscal second quarter.
American Outdoor Brands expects full-year earnings in the range of 62 cents to 66 cents per share, with revenue ranging from $620 million to $630 million.
American Outdoor Brands shares have fallen 24 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.78, a drop of 41 percent in the last 12 months.