Clarus Corporation (NASDAQ: CLAR) stock was beating the market on Tuesday, as shares rose 3% as of 2:30 p.m ET, compared to a 0.3% increase in the S&P 500. Investors sent shares higher after the sporting-apparel specialist announced strong sales growth in the Q2 period that ended in late June.
Clarus Corporation (CLAR) delivered earnings and revenue surprises of -17.50% and 4.39%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
– Sales in the Second Quarter of 2022 Increased 57% Year-Over-Year to $114.9 Million – – Adjusted EBITDA of $17.6 Million or 15.3% Adjusted EBITDA Margin – – Approves a New $50.0 Million Stock Repurchase Program – SALT LAKE CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Finan