Clarus Corp reports results for the quarter ended September 30 - Earnings Summary

Clarus Corp reported adjusted earnings of 5 cents per share for the quarter ended September 30, matching last year's results but missing analysts' expectations of 6 cents. Revenue increased by 3.3% to $69.35 million, surpassing the expected $66.51 million. The company incurred a loss of $1.62 million, with shares down 2.0% this quarter and 23.9% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $3.75, 13.3% above the last closing price of $3.25.