Smith & Wesson Brands Q2 Adj $0.14, Inline, Sales $125.00M Beat $123.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith & Wesson Brands (NASDAQ:SWBI) reported Q2 adjusted earnings of $0.14 per share, meeting analyst estimates, but marking a 46.15% decrease from the previous year. Quarterly sales reached $125.00M, slightly surpassing the $123.90M estimate and showing a 3.28% increase from the prior year.
December 07, 2023 | 9:09 pm
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NEUTRAL IMPACT
Smith & Wesson Brands reported stable Q2 earnings in line with estimates and a slight revenue beat, but experienced a significant decrease in earnings compared to last year.
While SWBI met earnings estimates and slightly exceeded revenue expectations, the substantial year-over-year decrease in earnings could temper investor enthusiasm, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100