Smith & Wesson 4Q revenue tops Wall Street outlook
Smith & Wesson Holding reports 4th-quarter revenue above Wall Street forecasts, shares rise
On Friday June 19, 2009, 7:43 am EDT
SPRINGFIELD, Mass. (AP) -- Pistol maker Smith & Wesson Holding Corp. on Thursday reported fourth-quarter revenue above Wall Street expectations, sending shares up nearly 12 percent in aftermarket trading.
The company said its fiscal 2009 fourth-quarter revenue rose 20 percent to $99.5 million. Analysts polled by Thomson Reuters had expected revenue of $90.8 million, on average.
"Demand for our handguns and tactical rifles remained strong throughout the fourth quarter, as evidenced by our revenue as well as by our backlog balance," the company said in a statement.
Smith & Wesson's backlog grew to over $200 million during the quarter, which ended April 30.
Meanwhile, the company said
Hot Forum Topics
