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Why Ammo Inc. Stock Dropped Today

TheMotleyFool

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Shares of ammunition manufacturer Ammo Inc. (NASDAQ: POWW) were down by 3.4% through 3 p.m. EST Tuesday, even though the company slightly beat expectations on earnings in its fiscal 2022 second quarter.

For the period, which ended Sept. 30, analysts had forecast that Ammo would report $0.10 per share for the quarter, but it actually earned $0.11 per share.

Image source: Getty Images.

Source Fool.com

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