Smith & Wesson-maker AOBC stock soars 15% after earnings beat

August 30, 2018, 03:25 PM

America Outdoor Brands Corp. AOBC, +17.71% shares surged 15% in the extended session Thursday after the Smith & Wesson maker beat on the top- and-bottom line. The gun-maker reported fiscal first-quarter net income of $7.7 million, or 14 cents a share, compared with losses of $2.2 million, or 4 cents a share, in the year-ago period. Adjusted for items such as amortization of acquired intangible assets, earnings were 21 cents a share. Revenue rose to $138.8 million from $129 million in the year-ago period. Analysts surveyed byctSet had estimated adjusted earnings of 12 cents a share on revenue of $134.5 million. For the fiscal second quarter, analysts model adjusted earnings of 8 cents a share on sales of $143.3 million. AOBC stock has fallen 24% this year, with the S&P 500 index SPX, -0.44% rising 9%.

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