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Dow Jones Newswires: Smith & Wesson stock drops after earnings, sales miss expectations – Vested Daily
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Dow Jones Newswires: Smith & Wesson stock drops after earnings, sales miss expectations

Shares of firearm maker Smith & Wesson Brands Inc.
SWBI,
+1.82%
fell 12.5% in after-hours trading as results for the latest quarter came in lighter than expected.

The company reported net sales for its second quarter of $230.5 million, down 7.3% from a year earlier. Analysts polled by FactSet were expecting sales of $265 million.

Adjusted earnings of $1.13 a share were short of the $1.29 analysts were expecting.

Smith & Wesson shares closed Thursday at $22.91 apiece, up 1.8%. The stock is up 29% so far this year.

Write to Robert Barba at robert.barba@wsj.com

This post was originally published on Market Watch

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