American Outdoor Brands stock drops on results, outlook

American Outdoor Brands Corp. shares dropped in the extended session Thursday after the gun maker's quarterly results and outlook disappointed Wall Street. American Outdoor Brands shares fell 13% after hours, following a 3.1% rise in the regular session to close at $7.68. The company reported a fiscal first-quarter loss of $2.1 million, or 4 cents a share, compared to net income of $7.6 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 3 cents a share. Revenue declined to $123.7 million from $138.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $127.3 million. The company expects adjusted earnings of 3 cents to 7 cents a share on revenue of $140 million to $150 million for the fiscal second quarter, and 70 cents to 78 cents a share on revenue of $630 million to $650 million for the year. Analysts expect 20 cents a share on revenue of $162.6 million for the second quarter, and 82 cents a share on revenue of $644.4 million for the year.

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