SWBI - Why Smith & Wesson Stock Is Aimed Higher After Earnings | Benzinga
Smith & Wesson Brands, Inc. (NASDAQ:SWBI) shares are trading higher Friday after the company posted better-than-expected third-quarter financial results Thursday after the bell.
The Details:
Smith & Wesson reported quarterly earnings of 19 cents per share which beat the analyst consensus estimate of 10 cents.
Quarterly sales clocked in at $137.5 million which beat the analyst consensus estimate of $133.548 million and is a 6.56% increase year-over-year.
"We believe we gained market share as our shipments outpaced the overall firearm market, reflecting the continuing robust demand for our best-in-class, innovative new products and sustained momentum in our core product portfolio," said Smith & Wesson CEO Mark Smith.
The company ...