Clarus Corp (CLAR) said after close Thursday that it lost $0.07 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $76.5 million, missing estimates by $8 million.
In the same quarter a year ago, the company earned $0.11 per share on revenue of $73.8 million.
The stock is up 23.06% to $6.49 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Clarus Corp a Bearish Sentiment Rank from InvestorsObserver.
Clarus Corp has performed a little below average during the past few months. Before the report, Clarus Corp received a Long-Term Technical Rank by InvestorsObserver of 28, putting it in the bottom half of stocks. The firm set a 52-week low on November 10, 2023 at $4.77 and set a 52-week high on April 12, 2023 at $10.44.
Clarus Corp is a designer, developer, manufacturer and distributor of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport, and skincare markets. The company operates through the Outdoor segment which includes Black Diamond Equipment, PIEPS, and SKINourishment. Precision Sport segment, formerly known as our Sierra segment, which includes Sierra and Barnes, includes two iconic American manufacturers of a wide range of high-performance bullets and ammunition for both rifles and pistols. The adventure segment includes Rhino-Rack and MAXTRAX. It derives the majority of the revenue from the Outdoor segment.
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Clarus Corp Up 23.06% To $6.49 After Earnings Miss
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