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Vista Outdoor (VSTO) Stock Plummets on Q1 Earnings Miss

NEW YORK (TheStreet) -- Shares of Vista Outdoor (VSTO) were plunging 17.3% to $42.46 on heavy trading volume in late-afternoon trading on Thursday after the company posted weaker-than-expected results for the 2017 fiscal first quarter.

Before today's market open, the Farmington, UT-based maker of outdoor sports and recreation products reported adjusted earnings of 48 cents per share. Analysts were looking for 69 cents per share.

Revenue for the quarter was $630 million, below analysts' forecasts of $675 million.

For fiscal 2017, Vista Outdoor sees adjusted earnings per share between $2.65 and...