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Thursday, Sep 5
More on Smith & Wesson earnings
- Smith & Wesson Holding (SWHC) FQ1 beats estimates across the board.
- Net profit jumped 49% Y/Y as the gun maker reported sharply higher sales.
- Gross margin widened to 42.6% from 37.7%.
- For the current quarter, the company sees per-share earnings from continuing operations between $0.20 to $0.22 on net sales of $135M to $140M, below analysts estimates for $0.29 and $143M in revenue.
- Shares -5% AH.