LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of American Outdoor Brands, Inc. (“American Outdoor” or “the Company”) (NASDAQ: AOUT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. American Outdoor reported its financial results for the fourth quarter on July 14, 2022. The Company reported non-GAAP earnings of $0.14 per share, seriously missing analyst estimates by $0.23 per share. The Company also reported a 28.8% drop in revenues for the quarter, also missing expectations. Based on this news, shares of American Outdoor dropped by more than 11% on July 15, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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