Why Ammo Stock Just Popped
Ammunition manufacturer Ammo (NASDAQ: POWW) is kind of an odd duck in the investing world. Not because of its field of business -- I've got nothing against ammo makers -- but because of the strange way in which it doles out its financial projections and its actual financial results.
This first became apparent back in January, when Ammo pre-announced a "500% increase" in sales for its fiscal 2021 third quarter (which ended Dec. 31) ... then followed that up with a prediction for a 317% increase in sales for its fiscal Q4 ... only to eventually report the official earnings for fiscal Q3 more than a month later.
Given the company's penchant for issuing guidance and results so out of order, I suppose we shouldn't be too surprised to see that it's doing it again.
Source Fool.com
