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Gunmaker American Outdoor Brands jumps over 20 percent on earnings



American Outdoor Brands Corporation shares jumped more than 20 percent after Thursday's bell, after reporting a profit that exceeded Wall Street analysts' expectations.

6, after its brand of firearms made up the bulk of its revenue.

Company shares closed at $ 9.77 on Thursday, down more than 3 percent during the trading session.

The stock has fallen nearly 24 percent this year, while the national climate has been pressured by mass shootings on Wall Street to reverse its role in the firearms industry.

Weapon control activists have called for a boycott of investment managers Vanguard and BlackRock, which are the largest owners of several listed firearms manufacturers due to their exchange-traded funds. In April, BlackRock launched new exchange-traded funds that excluded holdings of arms manufacturers and retailers, including American Outdoor Brands.


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