Clarus Corporation stock crashes after earnings miss, lowered guide [Seeking Alpha]
Clarus Corporation (CLAR)
NASDAQ:AMEX Investor Relations:
claruscorp.com
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Source: Seeking Alpha
Clarus Corporation stock crashes after earnings miss, lowered guideNov. 08, 2022 3:17 PM ETClarus Corporation (CLAR)By:Kevin P. CurranSA News EditorAscentXmedia/iStock via Getty ImagesNASDAQ:For the third quarter, the Utah-based outdoor company reported $0.26 in earnings per share, missing estimates by $0.16, alongside anarrow top-line miss. Gross margins contracted 190 basis points largely due to higher freight costs, according to the company.â??In our Adventure segment, limited vehicle deliveries and higher-than-normal inventory in the channel persisted in our home market of Australia, and we began to experience challenging conditions in North America after a strong first half of the year,â? management said. â??These headwinds were further exacerbated by volatile foreign currency markets.â?While the company said it expects these headwinds to abate into the fourth quarter, management nonetheless trimmed the full year outlook. The company now expects fiscal year 2022 sales to grow a
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CLAR
News
- Clarus Sets First Quarter 2024 Conference Call for Thursday, May 2, 2024, at 5:00 p.m. ETGlobeNewswire
- Clarus Co. (NASDAQ: CLAR) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Clarus Co. (NASDAQ: CLAR) had its price target raised by analysts at Roth Mkm from $6.50 to $7.50. They now have a "buy" rating on the stock.MarketBeat
- Clarus Files Lawsuit Against Caption Management LLC, Caption Partners II LP, Caption GP, LLC, William Cooper and Jason Strasser for Recovery of Short-Swing ProfitsGlobeNewswire
- Clarus Corporation (NASDAQ:CLAR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CLAR
Earnings
- 3/7/24 - Miss
CLAR
Sec Filings
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- CLAR's page on the SEC website