FARMINGTON, Utah (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported a fiscal first-quarter loss of $52.3 million, after reporting a profit in the same period a year earlier.
The Farmington, Utah-based company said it had a loss of 91 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The maker of firearms, ammunition and accessories posted revenue of $528.8 million in the period.
Vista Outdoor expects full-year earnings in the range of 15 cents to 35 cents per share, with revenue in the range of $2.1 billion to $2.16 billion.
Vista Outdoor shares have increased 13 percent since the beginning of the year. The stock has decreased 26 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