Posted on Friday, May 6th, 2011 at 6:04 pm.
Outdoor recreation company Johnson Outdoors Inc. posted market beating quarterly results.
According to a market report, the company, which makes products used for fishing, camping, diving and paddling, said the growing trend toward active outdoor lifestyle and improving economic conditions are boosting the outdoor recreational products industry. The company also reported a 27 percent increase in marine electronics sales.
For its second-quarter, ending April 1, Johnson Outdoors’ earnings reached $8.5 million, or 87 cents a share, up from 64 cents per share a year ago. Net sales rose 14 percent to $128.9 million, and marine electronics revenue rose to $78.9 million. Market analysts had expected earnings of 80 cents a share on revenue of $115.2 million.
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