Vista Outdoor: Fiscal Q3 Earnings Snapshot
Vista Outdoor: Fiscal Q3 Earnings Snapshot
ANOKA, Minn. (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported fiscal third-quarter profit of $65.1 million.
On a per-share basis, the Anoka, Minnesota-based company said it had profit of $1.13. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The maker of firearms, ammunition and accessories posted revenue of $754.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $749 million.
Vista Outdoor expects full-year earnings in the range of $6.05 to $6.30 per share, with revenue in the range of $3.06 billion to $3.08 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VSTO">Zacks stock report on VSTO at https://www.zacks.com/ap/VSTO