Academy Sports And Outdoors, Inc. Q3 Profit Decreases, Misses Estimates

(RTTNews) - Academy Sports and Outdoors, Inc. (ASO) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $65.8 million, or $0.92 per share. This compares with $100 million, or $1.31 per share, in last year's third quarter.

Excluding items, Academy Sports and Outdoors, Inc. reported adjusted earnings of $70.5 million or $0.98 per share for the period.

Analysts on average had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.9% to $1.343 billion from $1.397 billion last year.

Academy Sports and Outdoors, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $65.8 Mln. vs. $100 Mln. last year. -EPS (Q3): $0.92 vs. $1.31 last year. -Revenue (Q3): $1.343 Bln vs. $1.397 Bln last year.