Smith & Wesson Brands falls on lower quarterly profit

Smith & Wesson Brands

07/12/2023 23:26

** Shares of gunmaker Smith & Wesson Brands  SWBI.O  fall
4.83% to $13.20 in extended trade
    ** Co reports net income of $2.5 mln, or 5 cents per share,
for the second-quarter of fiscal 2024, compared with $9.6 mln,
or 21 cents per share a year ago
    ** Posts gross margin of 25.4% compared with 32.4% last year
    ** Q2 adj. EPS of 14 cents, in line with analysts' estimates
- LSEG
    ** Co posts net sales of $125 mln, up 3.2% from last year
    ** Up to last close, stock up nearly 60% YTD

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))