Why Smith & Wesson Shares Are Popping Today
Portfolio Pulse from Lekha Gupta
Smith & Wesson Brands Inc (NASDAQ:SWBI) reported above-consensus Q4 FY23 earnings results and increased quarterly dividends, leading to a 9% increase in share price. Q4 revenue declined 20.1% Y/Y to $144.8 million, beating the consensus of $138.4 million. The company raised the quarterly dividend per share by 20% to $0.12.
June 23, 2023 | 10:54 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Smith & Wesson's Q4 FY23 earnings beat consensus and increased quarterly dividends, resulting in a 9% increase in share price.
Smith & Wesson reported better-than-expected Q4 FY23 earnings and increased its quarterly dividends, which positively impacted investor sentiment and led to a 9% increase in share price. The company's strong performance and dividend increase signal a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100