Smith & Wesson sees margins expand in Q4

|By:, SA News Editor

Smith & Wesson (SWHC) trades higher in post-close action after the companye bests the FQ3 profit estimate of analysts.

The company saw its gross profit margin rate rise 360 bps to 40.2% on a favorable product mix and reduced promotions.

FY14 revenue guidance is raised to $615M-$620M and the S&W sees EPS falling in a range of $1.39-$1.42.

SWHVC +7.1% AH