Vista Outdoor: Fiscal 1Q Earnings Snapshot

Associated Press
Updated ·1 min read

ANOKA, Minn. (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported fiscal first-quarter net income of $40.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Anoka, Minnesota-based company said it had net income of 69 cents. Earnings, adjusted for non-recurring gains, were 51 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The maker of firearms, ammunition and accessories posted revenue of $479.1 million in the period.

For the current quarter ending in October, Vista Outdoor expects its per-share earnings to range from 60 cents to 70 cents.

The company said it expects revenue in the range of $495 million to $515 million for the fiscal second quarter.

Vista Outdoor shares have nearly tripled since the beginning of the year. The stock has nearly tripled in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VSTO at https://www.zacks.com/ap/VSTO