Johnson Outdoors Inc: Plunges on weak Q4 results
07/12/2018 15:40
** Fishing and camping equipment maker's shares JOUT.O
down 15.4 pct at $58.85; Set for worst day in nearly 2 years
** JOUT falls as much as 19.5 pct to $56.03, touching a
16-month low and set for third straight session of losses
** Company reports Q4 loss of $0.49/shr vs 2 analysts' avg
est of a profit of $0.01/shr, according to IBES data from
Refinitiv; Also misses sales estimates
** JOUT blames weak results on digital investments and
industry-wide slowing of sales urn:newsml:reuters.com:*:nGNX4w00Wm
** Stock erases all YTD gains and down 5.2 pct this year
(Reporting by Uday Sampath in Bengaluru)
((Reuters Messaging:
UdaySampath.Kumar.thomsonreuters.com@reuters.net))