Update: American Outdoor Shares Rise After Fiscal Q4 Earnings Beat
(Updates with latest stock price movement in the headline and the first paragraph.)American Outdoor Brands (AOUT) shares rose nearly 21% in Friday trading after the company reported better-than-expected fiscal Q4 adjusted earnings late Thursday.The company reported fiscal Q4 non-GAAP earnings late Thursday of $0.13 per diluted share, flat from a year earlier.Two analysts polled by FactSet expected a loss of $0.01.Net sales for the quarter ended April 30 were $47.1 million, down from $61.9 million a year earlier.Two analysts expected $48.4 million.For fiscal 2027, the company expects net sales of $200 million to $210 million. Analysts expect $207.4 million.Price: $11.97, Change: $+2.06, Percent Change: +20.79%