American Outdoor Brands climbs after Q2 profit beats estimates

American Outdoor Brands

02/12/2022 14:30

** Shares of sports goods maker American Outdoor Brands Inc
 AOUT.O  up ~4% at $9.92 before the bell 
    ** AOUT after market hours on Thursday reported Q2 adjusted
profit of 29 cents/share, edging past estimates of 28
cents/share
    ** Q2 gross margin also improves to 47.7% from 46.7% last
year 
    ** Net sales, however, decline ~23% to $54.4 mln, missing
estimates of $54.7 mln 
    ** As of last close, stock down ~52%
 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))