Net income was $14,648,000 in the fiscal third quarter ended Dec. 29 lapping the calamitous $514,642,000 loss last year that included over half a billion in impairments, on revenues that declined 9% to $424,770,000 from $467,771,000, but were just positive excluding the divested Savage Arms business. Excluding last year’s bloodbath and some smaller one time items this year, adjusted net income was $12,396,000 up from $5,357,000. Signs that the company is turning the corner encouraged Wall St., which sent VSTO shares up more than 15% before retreating slightly.

VSTO narrowed its full-year revenue guidance to $1.75 to $1.80 billion, the low ... Log in to view full article.