Smith & Wesson NASDAQ:SWCH Raises Guidance Ahead of Report
Smith & Wesson NASDAQ:SWCH Raises Guidance Ahead of Report
US Gun sales are through the roof post Obama re-election. S&W raised guidance raised once, but now do it again.
Smith & Wesson Holding Corporation announced preliminary net sales and earnings ahead of expectations.
The company shows that its preliminary net sales from continuing operations for its second quarter were up by approximately 48% to $136-M. This projection was above the prior guidance of $130 to 135-M to continued strength in orders across its product lines.
Its preliminary GAAP net income from continuing operations was also lifted to 0.23 to 0.24 per diluted share Vs its prior range of 0.19 to 0.21 per share.
Thomson Reuters was looking for 0.21 EPS and $134.78-M in revenue.
S&W also reiterated its guidance for 30% net sales from continuing operations for FFY 2013 of between $530 and 540-M.
Its fiscal GAAP earnings guidance is now $0.85 and $0.90 per share.
For the year, Thomson Reuters is calling for 0.87 EPS and $536.62-M in sales.
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