Smith & Wesson Reports Strong Quarterly Results And Issues Upbeat Outlook

Smith & Wesson Holding Corp. late Thursday reported its third-quarter earnings jumped to $31.4 million, or 56 cents a share, from $8.1 million, or 15 cents a share, a year ago. On an adjusted basis, the firearms maker would have earned 59 cents a share. Revenue soared 62% to $210.8 million. Analysts surveyed by FactSet had forecast earnings of 41 cents a share on revenue of $179 million. Smith & Wesson expects fourth-quarter EPS of 51 cents to 53 cents and revenue of $210 million to $215 million, better than analysts' estimate of 47 cents a share and $198 million. Shares were halted ahead of the earnings release.