Smith & Wesson Shares Rally On Earnings Beat, Outlook

Smith & Wesson Holding Corp. shares rallied in the extended session Tuesday after the gun maker topped Wall Street estimates. Smith & Wesson shares shot up 7.2% to $13.99 on moderate volume. The company reported adjusted fiscal third-quarter earnings from continuing operations of 20 cents a share on revenue of $130.6 million. Analysts surveyed by FactSet estimated 12 cents a share on revenue of $124.7 million. Smith & Wesson also forecast fiscal fourth-quarter earnings of 24 cents to 26 cents a share on revenue of $162 million to $166 million. Analysts estimate 24 cents a share on revenue of $161.8 million.