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Smith & Wesson Tumbles On Disappointing Q3 Guidance

  • Revenue of $233.5 million, up 63 percent year-over-year, also came in $5.89 million ahead of expectations.
  • Management guided for Q3 EPS of $0.52 to $0.57, below estimates of $0.59, on sales of $230 million to $240 million, mostly under expectations for $237.74 million.
  • For the full year, management envisions EPS of $2.42 to $2.47, above estimates of $2.43. Sales are expected in the $920 million to $930 million range, beating consensus of $910.58 million.
  • Shares traded down 7 percent on Thursday’s after-hours session.

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