FARMINGTON, Utah (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported fiscal first-quarter net income of $16.7 million.
The Farmington, Utah-based company said it had net income of 29 cents per share. Earnings, adjusted for non-recurring gains, were 24 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of firearms, ammunition and accessories posted revenue of $568.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $553 million.
Vista Outdoor shares have dropped 39 percent since the beginning of the year. The stock has fallen 57 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VSTO at https://www.zacks.com/ap/VSTO
Keywords: Vista Outdoor, Earnings Report
Automated Insights, source Associated Press News