Bloomberg

Shares of American Outdoor Brands (AOBC - Get Report)  were rising Thursday after the gun maker reported fourth-quarter results that topped analysts' expectations. 

The Springfield, Ma..-based company, the parent of Smith & Wesson, reported fourth-quarter earnings of $9.8 million, or 18 cents per share, after earning $7.7 million, or 14 cents a share, a year ago. Revenue for the period rose to $175.7 million from $172 million.

Analysts polled by FactSet were expecting the company to report earnings of 16 cents per share on revenue of $169.2 million. 

"Fiscal 2019 was a year that presented challenges for the firearms industry, including changes in the political environment and reduced consumer demand for firearms and for the accessories that are attached to them, such as lights, lasers, and scopes," said CEO James Debney. "Despite that backdrop, we delivered year over year growth in revenue and gross margin, and we believe we gained market share. At the same time, we made significant progress toward our long-term strategy."

For the new fiscal year, the company said it expects to earn between 76 cents and 84 cents per share on sales between $630 million and $650 million. Analysts are expecting the company to earn 82 cents per share on revenue of $654.7 million. 

Shares rose 2.4% to $9.35.