Smith & Wesson stock shoots up on earnings beat
Shares in Smith & Wesson (NASDAQ: SWHC) shot up about 9 percent in Tuesday after-hours trading when the company beat estimates on both the top and bottom lines.
The company posted adjusted earnings per share of 20 cents on revenue of $131 million. Analysts had expected the company to report earnings of about 11 cents a share on $123 million in revenue.
The gunmaker also gave earnings guidance for next quarter above Wall Street estimates.
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