— American Outdoor Brands Corporation (NASDAQ: AOBC) reported its second-quarter 2020 adjusted earnings of $0.09 per share versus $0.07 per share expected.
— Net sales decreased by 5% to $154.4 million versus $149.5 million expected.
— The $8.1 million incremental revenue in the latest quarter was the result of a change required by the Tax and Trade Bureau related to the timing of federal excise tax assessment within the Firearms segment.
— Subsequent to the end of Q2, the company announced a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to stockholders. The transaction will close in the second half of the calendar 2020.
— Looking ahead into the third quarter, the company expects net sales in the range of $180-190 million, GAAP EPS of $0.11-0.15, and adjusted EPS of $0.20-0.24. The Street estimates EPS of $0.26 on revenue of $172.39 million.
— For fiscal 2020, the company sees net sales in the range of $680-700 million, GAAP EPS of $0.41-0.49, and adjusted EPS of $0.76-0.84. The consensus estimates EPS of $0.74 on revenue of $638.54 million.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
