Smith & Wesson -13.5% premarket on slashed sales forecast

|About: Smith & Wesson Holding Cor... (SWHC)|By:, SA News Editor

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.