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Smith & Wesson rallies on solid 4Q revenue outlook

Posted Jun 19th 2009 12:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Forecasts

Smith & Wesson Holding Corp. (NASDAQ: SWHC) is sharply higher today after shocking Wall Street with a better-than-expected fourth-quarter forecast. Last night, the company reported that strong demand for its handguns and tactical rifles sent revenue up 20% during the quarter to $99.5 million, outpacing analysts' expectations for sales of $90.83 million. SWHC's full fourth-quarter results will be reported Monday, June 22.

Continue reading Smith & Wesson rallies on solid 4Q revenue outlook

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Last updated: May 28, 2012: 02:48 PM

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