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American Outdoor Brands profit beats consensus by 57.2% in fiscal Q3

American Outdoor Brands Corp. said its normalized net income for the fiscal third quarter ended Jan. 31 came to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.

EPS fell 42.8% year over year from 32 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, a decrease of 45.0% from $18.4 million in the prior-year period.

The normalized profit margin declined to 7.7% from 12.6% in the year-earlier period.

Total revenue decreased 10.5% year over year to $130.6 million from $145.9 million, and total operating expenses fell from the prior-year period to $111.5 million from $114.8 million.

Reported net income fell 58.8% on an annual basis to $8.2 million, or 15 cents per share, from $20.0 million, or 35 cents per share.