11:59 AM EDT, 03/21/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Academy Sports & Outdoors (ASO) shares slid 9% in recent Thursday trading after the company reported fiscal Q4 results and fiscal 2024 outlook that lagged market expectations.

The company reported fiscal Q4 adjusted earnings Thursday of $2.21 per diluted share, up from $2.04 a year earlier.

Analysts polled by Capital IQ expected $2.31.

Net sales for the quarter ended Feb. 3 were $1.79 billion, up from $1.75 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.80 billion.

For fiscal 2024, the company said it expects diluted EPS of $5.90 to $6.90. Analysts polled by Capital IQ expect $7.31. Net sales for the fiscal year are expected in the range of $6.07 billion to $6.35 billion. Analysts surveyed by Capital IQ expect $6.38 billion.

Price: 64.82, Change: -6.43, Percent Change: -9.02