RTTNews | Jul 15, 2021 05:59PM EDT

17:58 Thursday, July 15, 2021 (RTTNews.com) - Shares of American Outdoor Brands, Inc. (AOUT) are down 12 percent on Thursday's after-market trade after the company posted fourth-quarter net income of $1.2 million or $0.09 per share, compared to net loss of $90.7 million or $6.49 per share in the same period last year.

Income, excluding items, was $4.9 million or $0.34 per share, compared with loss of $123 thousand or $0.01 per share, for the comparable quarter last year.

Quarterly net sales rose 50 percent to $64.5 million from $43.1 million a year ago, thus reflecting increases in both e-commerce and traditional sales channels.

On average, 5 analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share on revenues of $65 million in the quarter.

AOUT ended Thursday's trade at $35.93, up $2.03 or 5% on the NYSE. The stock is trading down $4.33 or 12% to touch $31.60 in after-market trading.

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