Vista Outdoor: Fiscal 1Q Earnings Snapshot
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.