Smith & Wesson -13.5% premarket on slashed sales forecast


Smith & Wesson (NASDAQ:SWHC) is down -13.5% after the company slashed its full-year sales forecast for the second time in two months.

The company is now expecting full-year sales to be in the range of $530M-$540M, which is much lower than current estimates of around $593M, and sharply lower than the $585M-$600M expectations Smith & Wesson announced in June.

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Comments (2)
  • stopthe
    , contributor
    Comments (233) | Send Message
     
    S&W is on sale! P/E of 8! Load up.
    27 Aug 2014, 01:46 PM Reply Like
  • Zeldan
    , contributor
    Comments (79) | Send Message
     
    Maybe we will also see fewer gun deaths?
    27 Aug 2014, 03:50 PM Reply Like
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