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Smith & Wesson (SWHC) Stock Fluctuates in After-Hours Trade Despite Q1 Beat, Guidance

NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) were moving between gains and losses in after-hours trading on Thursday after the company posted better-than-expected results for the 2017 fiscal first quarter.

After today's market close, the Springfield, MA-based manufacturer of firearms reported earnings of 62 cents per diluted share, surpassing analysts' estimates of 53 cents per share.

Revenue spiked 40.1% to $207 million year-over-year and was above Wall Street's projections of $198 million.

"Strong gross margins in the quarter were driven by several factors, including increased production volumes in the firearms segment. Operating cash flow was positive at $38.1 million despite our seasonal inventory build as we prepare...