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