Smith & Wesson Holding (SWHC) reported first quarter adjusted EPS of $0.32 after the close Thursday, compared to $0.27 a year ago. Analysts expected EPS of $0.22. The company expects to report second quarter adjusted EPS of $0.19 to $0.21 and between $1.14 and $1.19 for the full year. The consensus estimates are for EPS of $0.15 and $1.04.
Smith & Wesson gapped open sharply higher Friday and climbed in early trade, before settling into a range. The stock finished up by 1.81 at $18.03, with volume at a 4-month high. Smith & Wesson surged past the upper end of a month and a half long trading range and set a new high for the year.
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