Shares of American Outdoor Brands Inc. AOUT, +3.68% initially dipped 1% in extended trading Thursday after the maker of outdoor sports and recreation products reported fiscal first-quarter results. American Outdoor reported net income of $3.5 million, or 24 cents a share, compared with net income of $1.8 million, or 13 cents a share, in the year-ago quarter. The company’s adjusted net income was $6.8 million, or 48 cents a share. Revenue rose 20% to $60.8 million from $50.5 million a year ago. Analysts surveyed by FactSet had expected net income of 40 cents a share on revenue of $57.4 million. American Outdoor’s stock is up 54% so far in 2021. The broader S&P 500 index SPX, -0.46% has gained nearly 20% this year.
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