• American Outdoor Brands: Fiscal 2Q Earnings Snapshot

    Updated:
    SPRINGFIELD, Mass. (AP) _ American Outdoor Brands Co. (AOBC) on Thursday reported fiscal second-quarter profit of $6.7 million.

    The Springfield, Massachusetts-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 20 cents per share.

    The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

    The firearm maker posted revenue of $161.7 million in the period.

    For the current quarter ending in February, American Outdoor Brands expects its per-share earnings to range from 9 cents to 13 cents.

    The company expects full-year earnings in the range of 69 cents to 73 cents per share.

    American Outdoor Brands shares have declined roughly 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.21, a decrease of 15 percent in the last 12 months.

    _____

    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOBC at https://www.zacks.com/ap/AOBC

    Next Up: