Allotments of American Outdoor Brands Corporation jumped more than 20 percent after the bell on Thursday after the gathering reported earnings that beat Wall Street analysts’ surmises.
Here’s how the company did compared with Thomson Reuters consensus point of views:
- Earnings per share: 21 cents vs. 12 cents expected
- Net income: $138.8 million vs. $134.5 million expected
The company reported earnings counsel of 11 to 15 cents per share, higher than analysts’ guesstimates of 8 cents per share.
American Outdoor Brands was known as Smith & Wesson Holdings until 2016, after its firearms characterize that makes up the majority of the company’s revenues.
Shares of the company taciturn at $9.77 on Thursday after falling more than 3 percent during the patron day.
The stock is down almost 24 percent this year, amidst a national climate roiled by mass shootings that has put pressure on Embankment Street to scale back its role in the firearms industry.
Gun control activists be subjected to called for a boycott of investment managers Vanguard and BlackRock, which are the largest proprietresses of several publicly traded firearms manufacturers due to their exchange-traded stores. In April, BlackRock introduced new exchange-traded funds that excluded stockpiles of gun manufacturers and retailers, including American Outdoor Brands.