By RTT News,
December 10, 2013, 04:42:00 PM EDT
Smith & Wesson Q2 Profit Declines; Backs FY14 Outlook - Quick Facts
(RTTNews.com) - Smith & Wesson Holding Corp. ( SWHC ) reported second-quarter net income of $16.99 million or $0.28 per share, compared to $21.19 million or $0.31 per share in the comparable quarter last year.
Income from continuing operations increased to $17.1 million or $0.28 per share from $16.4 million or $0.24 per share last year. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $139.29 million, up 2.0% from $136.56 million last year, while eight analysts expected revenues of $137.52 million.
Looking ahead to the third quarter, the company has forecast earnings in the range of $0.28 to $0.30 per share, with revenues ranging between $140.0 million and $145.0 million. Analysts currently expect the company to earn $0.27 per share on third-quarter revenues of $137.44 million.
For the fiscal 2014, the company continues to expect earnings in the range of $1.30 to $1.35 per share and revenues in the range of $610.0 million to $620.0 million. Analysts currently expect the company to report full-year earnings of $1.32 per share on revenues of $616.95 million.
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