Smith & Wesson's Stock Rallies On Better-than-expected Profit And Sales Outlook

Smith & Wesson Holding Corp.'s stock surged 8.5% in premarket trade Wednesday, after the gun maker provided a profit and sales outlook that were above expectations as orders throughout the quarter have been stonger than originally anticipated. The company said it expects adjusted earnings per share for the fiscal fourth quarter ending in April in the range of 39 cents to 41 cents and sales of $175 million to $179 million, compared with the FactSet consensus of 26 cents and $164.3 million, respectively. For the full fiscal year, the company expects adjusted EPS between 96 cents and 98 cents and revenue of $546 million to $550 million, above the FactSet consensus of 76 cents and $535.2 million, respectively. The stock has run up 37% year to date through Tuesday, while the S&P 500 gained 1.8%.