(RTTNews) – Shares of Clarus Corp. (CLAR) slipped nearly 15% on Thursday morning. CLAR is currently trading at $12.45, down $2.14 or 14.63%, on the Nasdaq.
On Wednesday, Clarus announced that it expects sales for the third quarter to be between $63 million and $64 million, which is an anticipated 5%-6% year-over-year increase compared to $60.2 million a year ago.
Analysts polled by Thomson Reuters currently estimate revenues of $56.18 million.
The company expects to report its full third quarter 2020 results in early November.
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