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DAILY EARNINGS

Johnson Outdoors Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 3:09 AM ET December 12 2016

12:00 PM New York Johnson Outdoors fourth-quarter net swung to a loss but revenues surged 13%. Panhandle Oil and Gas fourth-quarter net swung to profit while revenues plunged 25%.

Tollbooth Index dropped 56.52 or 0.5% to 11,307.20.

Earnings Review

Johnson Outdoors Inc (JOUT), the outdoor recreation products maker reported revenues in the fourth-quarter ending in October soared 12.6% from a year ago to $74.9 million.

Net in the quarter swung to a loss of $2.1 million or 21 cents per diluted share compared to the profit of $1.2 million or 12 cents per share from the same quarter last year.

Panhandle Oil and Gas Inc (PHX), the oil and gas explorer said total revenues in the fourth-quarter ending in October plunged 25% from a year ago to $10.2 million.

Net in the quarter swung to profit $0.7 million or 5 cents per diluted share compared to the loss of $0.9 million or 5 cents per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc