Sportsman's Warehouse Shares Fall On Outlook

By Markets MarketWatch Pulse

Sportsman's Warehouse Holdings Inc. shares fell in the extended session Wednesday after the sporting goods retailer's earnings outlook for the year fell below Wall Street estimates. Sportsman's Warehouse shares fell 6.2% to $12.93 after hours. The company sees break-even results to a loss of 2 cents a share for the first quarter on revenue of $155 million to $160 million, and earnings of 65 cents to 73 cents a share for the year on revenue of $800 million to $820 million. Analysts surveyed by FactSet had forecast a loss of 1 cent a share on revenue of $162.4 million for the first quarter, and earnings of 76 cents a share on revenue of $816.4 million for the year. The company reported fourth-quarter earnings of 27 cents a share on revenue of $212.7 million. Analysts had estimated 25 cents a share on revenue of $206.8 million.

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