— 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
Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights
Verizon Communications Inc. (NYSE: VZ) reported first quarter 2024 earnings results today. Total operating revenue was $33 billion, up 0.2% from the same period last year. Net income attributable to
NextTrip stands out as one of the most descriptive names in travel sector: CEO
NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including
What to look for when American Airlines (AAL) reports Q1 2024 earnings results
Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first
