Smith & Wesson shares choppy after earnings beat, outlook

Smith & Wesson Holding Corp. shares fluctuated between losses and gains in the extended session Thursday after the gun maker topped Wall Street estimates for its quarterly results and outlook. Smith & Wesson shares were choppy after hours and were last down 0.8% at $29.32 following an initial rise. The company reported adjusted fiscal first-quarter earnings of 62 cents a share on revenue of $207 million. Analysts surveyed by FactSet had forecast earnings of 54 cents a share on revenue of $198.2 million. Smith & Wesson expects adjusted earnings of 53 cents to 57 cents a share on revenue of $220 million to $230 million for the fiscal second quarter, and $2.38 to $2.48 on revenue of $900 million to $920 million for the year. Analysts estimate 36 cents a share on revenue of $165.4 million for the quarter, and $1.94 a share on revenue of $776.7 million for the year. The muted response after hours may have stemmed from the stock's 5.1% gain during the regular session and 35% rise year-to-date.

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