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Black Diamond reports 4Q loss

SALT LAKE CITY (AP) _ Black Diamond Inc. (BDE) on Monday reported a loss of $1.4 million in its fourth quarter.

The Salt Lake City-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 1 cent per share.

The outdoor sports gear maker posted revenue of $41.4 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $42.8 million.

For the year, the company reported that its loss narrowed to $9 million, or 30 cents per share. Revenue was reported as $148.2 million.

Black Diamond expects full-year revenue in the range of $153 million to $158 million.

Black Diamond shares have increased 6.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.70, a climb of 23 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 BDE at https://www.zacks.com/ap/BDE


Keywords: Black Diamond, Earnings Report