Smith & Wesson (SWHC) Beats On Q4 Earnings, Stock Rises
Zacks Investment Research | Jun 16, 2016 09:51PM ET
Smith & Wesson Holding Corp. (NASDAQ:SWHC) reported non-GAAP fourth-quarter fiscal 2016 (ending Apr 30, 2016) earnings of 66 cents per share, beating the Zacks Consensus Estimate of 54 cents by an impressive 22.2%. Earnings escalated 46.7% from the year-ago figure of 45 cents per share on the back of higher sales.
Fiscal year earnings came in at $1.83 per share, up 79.4% from $1.02 a year ago.
Investors reacted positively to the company’s earnings beat with shares of the gun maker climbing 7.59% in late trading yesterday following the release. Shares of its rival, Sturm Ruger & Co. (NYSE:RGR) had also climbed 4.24% after its latest earnings release.
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