Smith & Wesson down after mixed results
01/09/2021 21:50
** Smith & Wesson Brands SWBI.O shares down ~2% in
extended trading after gun maker's mixed fiscal Q1 results
** Net sales of $275 mln miss Street view of $278.6 mln, per
Refinitiv data, while non-GAAP EPS of $1.57 surpasses consensus
by 28 cents urn:newsml:reuters.com:*:nPn8f2H1ba
** Co says increased sales and cost cutting resulted in
record gross margin of 47% in qtr, compared to 40% margin in
yr-ago qtr
** SWBI shares on Weds closed up 3.1% at $24.88, extending
YTD gain to 40%
** Shares jumped, hit record peak of $39.61 on Jul 1, about
two weeks after blowout Q4 report urn:newsml:reuters.com:*:nL1N2Q31QY
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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