American Outdoor Brands drops on revenue miss

American Outdoor Brands

15/07/2021 21:45

** Outdoor sports goods maker's shares  AOUT.O  drop 13.7%
to $30.99 in extended trading 
    ** Q4 sales and gross margin fall below expectations 
    ** Sales of $64.5 mln lower than expectations of $65.03 mln
- Refinitiv IBES data 
    ** Quarterly gross margin of 44.4% was flat vs a year ago;
analysts had forecast 45.68% 
    ** Adjusted profit, however, surpasses estimates; EPS of 34
cents beats est of 23 cents  urn:newsml:reuters.com:*:nPn8XC7sVa 
    ** Stock has more than doubled YTD 

 (Reporting by Nivedita Balu)
 ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;))