Why Smith & Wesson Brands Stock Is Shooting Higher After Hours
Portfolio Pulse from Adam Eckert
Smith & Wesson Brands, Inc (NASDAQ:SWBI) reported better-than-expected Q1 financial results, with revenues of $114.2 million and EPS of 13 cents, beating estimates of $100.93 million and 5 cents respectively. Sales were up 35.4% YoY and the company's shares were up 10.4% in after-hours trading.
September 07, 2023 | 8:43 pm
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Smith & Wesson's better-than-expected Q1 results and positive outlook could drive its stock price up in the short term.
Smith & Wesson reported strong Q1 results, beating revenue and EPS estimates. This positive news, coupled with a strong outlook from the company's CEO, has already resulted in a 10.4% increase in the company's stock price in after-hours trading. This trend could continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100