Vista Outdoor: Fiscal 1Q Earnings Snapshot
ANOKA, Minn. (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported a loss of $16.6 million in its fiscal first quarter.
The Anoka, Minnesota-based company said it had a loss of 29 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 8 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The maker of firearms, ammunition and accessories posted revenue of $459.8 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $468.8 million.
Vista Outdoor expects full-year earnings in the range of 10 cents to 25 cents per share, with revenue in the range of $1.79 billion to $1.89 billion.
Vista Outdoor shares have decreased 35% since the beginning of the year. The stock has declined 55% in the last 12 months.