Markets

Vista Outdoor Stock Soars on Q1 Earnings Results

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Vista Outdoor (NYSE: VSTO ) stock was flying high on Thursday following the release of its earnings report for its fiscal first quarter of 2019.

Vista Outdoor Stock Soars on Q1 Earnings Results

Vista Outdoor's earnings report for its fiscal first quarter of the year also includes a net loss of $52.35 million. This is a drop from the company's net income of $16.65 million that was reported in its fiscal first quarter of 2018.

During its fiscal first quarter of 2019, Vista Outdoor reported flat earnings per share. This is down from its earnings per share of 24 cents from the same time last year. However, it was still good news for VSTO stock by beating out Wall Street's losses per share estimate of 12 cents for the quarter.

Vista Outdoor also reported gross profit of $113.34 million for its fiscal first quarter of 2019. The manufacturer of outdoor goods reported gross profit of $146.56 million during the same period of the year prior.

Revenue reported by Vista Outdoor for its fiscal first quarter of the year came in at $528.84 million . This is a decrease from the company's revenue of $568.75 million that was reported in its fiscal third quarter of the previous year. It also didn't quite reach analysts' revenue estimate of $542.61 million for the period.

Vista Outdoor also took time in its most recent earnings report to provide guidance for its fiscal full year of 2019. The company is expecting earnings per share for the year to range from 15 cents to 35 cents. Wall Street is looking for earnings per share of 22 cents for the year.

VSTO stock was up 13% as of noon Thursday and is up 9% year-to-date.

More From InvestorPlace

As of this writing, William White did not hold a position in any of the aforementioned securities.

Compare Brokers

The post Vista Outdoor Stock Soars on Q1 Earnings Results appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

VSTO

Other Topics

Stocks

Latest Markets Videos

    InvestorPlace

    InvestorPlace is one of America’s largest, longest-standing independent financial research firms. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers.

    Learn More