American Outdoor shares dip 1% on first-quarter results

Shares of American Outdoor Brands Inc. initially dipped 1% in extended trading Thursday after the maker of outdoor sports and recreation products reported fiscal first-quarter results. American Outdoor reported net income of $3.5 million, or 24 cents a share, compared with net income of $1.8 million, or 13 cents a share, in the year-ago quarter. The company's adjusted net income was $6.8 million, or 48 cents a share. Revenue rose 20% to $60.8 million from $50.5 million a year ago. Analysts surveyed by FactSet had expected net income of 40 cents a share on revenue of $57.4 million. American Outdoor's stock is up 54% so far in 2021. The broader S&P 500 index has gained nearly 20% this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

American Outdoor shares dip 1% on first-quarter results
Shares of American Outdoor Brands Inc. initially dipped 1% in extended trading Thursday after the maker of outdoor sports and recreation products reported fiscal first-quarter results. American Outdoor reported net income of $3.5 million, or 24 cents a share, compared with net income of $1.8 million, or 13 cents a share, in the year-ago quarter. The company's adjusted net income was $6.8 million, or 48 cents a share. Revenue rose 20% to $60.8 million from $50.5 million a year ago. Analysts surveyed by FactSet had expected net income of 40 cents a share on revenue of $57.4 million. American Outdoor's stock is up 54% so far in 2021. The broader S&P 500 index has gained nearly 20% this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.