Smith & Wesson Shoots Higher

By Jon "DRJ" Najarian

Reports Rising Demand

The gun maker reported first-quarter earnings of $0.16 per share, $0.06 better than the analyst estimate of $0.10. Revenue came in at $102.2 million versus the consensus of $94.07 million. SWHC expects second-quarter sales to be between $103 million and $105 million compared with the consensus forecast of $99.76 million. Shares closed at $5.61 yesterday but are higher by nearly 13 percent to $6.33 in the pre-market on our Heat Seeker tracking system.

LULU Outlook Improves

Lululemon Athletica (LULU) said it expects third-quarter earnings of $0.11 to $0.13 per share on revenue of $95 million to $100 million. The consensus earnings estimate is $0.12 EPS on revenue of $89.4 million for the quarter ending Oct. 31. LULU closed Wednesday at $21.61 but, with this positive guidance, is trading just shy of $23 Thursday morning.

Monsanto Offers Weak Guidance

The agribusiness giant said it expects earnings to fall as the company spends as much as $600 million on costs related to job reductions and other measures. That could take EPS down to a range of $3.10 to $3.30, far below Wall Street's consensus forecast. MON closed at $83.48 yesterday but is down some 6.7 percent to $77.90 in the pre-market on our Depth Charge system.


(Chart courtesy of tradeMONSTER)

Comments

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who is it at UBSS that keeps putting up 25 thousands shares of SWHC to sell. what is their purpose? is it to drive the stock price down? if i could get my hands on their throat that's something they wouldn't use anymore.

Sep 18 09:38 AM