Why Johnson Outdoors Stock Was Jumping Today
Shares of Johnson Outdoors (NASDAQ: JOUT) were surging today after the outdoor recreation company posted a better-than-expected fourth-quarter earnings report.
As of 1:24 p.m. ET, the stock was up 18.9%.
Johnson, which is best known for making fishing equipment, boats, and watercraft under brand names like Old Town, Minn Kota, and Humminbird, said that revenue in the quarter rose 18% to $196.4 million. The stock is only followed by one analyst, who had called for revenue of $168.6 million.
Source Fool.com
