Saturday, December 15, 2018

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American Outdoor Brands surged after the company reported earnings and revenue that beat analyst expectations on Thursday.

In the year ago quarter, the firearm maker posted adjusted earnings of 11 cents a share on revenue of $148.4 million.

Formerly known as Smith & Wesson, shares of the company leaped 14 percent in after-hours trade.

President and CEO James Debney said the company’s results were driven by strength in both its firearms and outdoor products and accessories segments.

“Sales growth occurred in both our Hunting & Shooting product categories, as well as our Cutlery & Tool product categories, and came from a variety of retailers, particularly our online retailers,” Debney said in a statement.

This story is developing. Please check back for updates.


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