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More on Smith & Wesson (SWHC): Shares are soaring in after hours trade as its FQ1 blows away estimates on a 48% jump in Y/Y total revenue. Gross margin widened to 37.7% from 28.9%, despite a 30% jump in input costs, thanks to cost-cutting efforts and higher sales of its polymer firearms. The company also boosted its guidance for the year, now forecasting $0.85 to $0.90 per share on net sales of $530M to $540M. Shares +21% AH.
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