American Outdoor Brands Corp.
shares dropped in the extended session Thursday after the gun maker’s quarterly results and outlook disappointed Wall Street. American Outdoor Brands shares fell 13% after hours, following a 3.1% rise in the regular session to close at $7.68. The company reported a fiscal first-quarter loss of $2.1 million, or 4 cents a share, compared to net income of $7.6 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 3 cents a share. Revenue declined to $123.7 million from $138.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $127.3 million. The company expects adjusted earnings of 3 cents to 7 cents a share on revenue of $140 million to $150 million for the fiscal second quarter, and 70 cents to 78 cents a share on revenue of $630 million to $650 million for the year. Analysts expect 20 cents a share on revenue of $162.6 million for the second quarter, and 82 cents a share on revenue of $644.4 million for the year.
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