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Vista Outdoor: Fiscal 1Q Earnings Snapshot

August 9, 2018

FARMINGTON, Utah (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported a fiscal first-quarter loss of $52.3 million, after reporting a profit in the same period a year earlier.

The Farmington, Utah-based company said it had a loss of 91 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The maker of firearms, ammunition and accessories posted revenue of $528.8 million in the period.

Vista Outdoor expects full-year earnings in the range of 15 cents to 35 cents per share, with revenue in the range of $2.1 billion to $2.16 billion.

Vista Outdoor shares have increased 13 percent since the beginning of the year. The stock has decreased 26 percent 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 VSTO at https://www.zacks.com/ap/VSTO

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