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Shares of Springfield-based American Outdoor Brands Corp. — the company that rebranded itself from Smith & Wesson in November — may be suffering, rather than benefitting, from the Trump effect. The maker of guns and other firearms has seen its stock drop nearly 30 percent since Donald Trump's was elected president on his populist, anti-regulatory platform. Trump — who had the full endorsement of the National Rifle Association — has promised to roll back gun regulations.
'Toward the end of the quarter, consumer firearm purchasing began to cool,' American Outdoor Brands CEO James Debney said.
American Outdoor Brands Corporation (AOBC) reported adjusted earnings per share of 66 cents, which surpassed the Zacks Consensus Estimate of 54 cents by 22.2%.