ShootSpeeders
Gold Member
- May 13, 2012
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Every time obama slams guns, sales soar. Big O truly is the greatest gun salesman in history. HAHA
Smith & Wesson crushes earnings, as Americans keep buying guns like crazy
sep 1 2016 Smith & Wesson on Thursday reported fiscal-first-quarter earnings that crushed analysts' expectations, and the company raised its full-year guidance.
The gunmaker posted adjusted earnings per share of $0.62 and revenue totaling $207 million. Analysts had forecast that it earned $0.54 in adjusted EPS, and revenue of $198.3 million, according to Bloomberg.
"We believe that higher revenue was driven by strong consumer demand as reflected in adjusted background checks from the National Instant Criminal Background Check System (NICS) as well as our own market share gains," said CEO James Debney in the earnings release.
The company said it expects fiscal-2017 EPS in a range of $2.38 to $2.48, up from a range of $1.83 to $1.03, and topping analysts' projection for $1.91