Smith & Wesson’s Q4 EPS hits above Street’s target
Handgun manufacturer Smith & Wesson Holding Corp. (Nasdaq:SWHC) after Thursday’s close posted fiscal fourth quarter earnings that slid from the year-ago period, but still managed to beat the Street.
Although the Springfield, Mass-based firm suspended providing financial guidance in January due to uncertain business and economic environments, the company says it has seen several encouraging signs.
Shares gained 8%, or $0.41, to $5.60 in pre-market trading. For detailed price information and recent news stories about Smith & Wesson, click SWHC.
