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Article Date: February 2017
Word Count: 476

Vista Reports Huge Loss, Lowers Outlook

The previously announced pre-tax impairment charge of $449.2 million resulted in a net loss of $377,659,000 against income of $43,159,000 for the third quarter ended Jan. 1 as sales increased 10% to $653,558,000 compared to 592,557,000 with sales of acquisitions more than offsetting a 5% decline in organic sales. VSTO significantly lowered guidance on the Q3 miss and Q4 outlook from an original sales range of $2.72-2.78 billion to a new range of $2.50-2.54 billion and an original adjusted EPS range of $2.65-2.85 ($161.2 mm) down to $1.95-2.10 ($118.7 mm). While not giving guidance for next year, VSTO expected the ... Log in to view full article.


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