Smith & Wesson Q3 Sales Fire Earnings Beat

Smith & Wesson Holding Corp. (SWHC) reported third quarter fiscal 2014 earnings from continuing operations of 35 cents per share, beating the Zacks Consensus Estimate of 29 cents by 20.7%. The number was also higher than the year-ago earnings of 26 cents per share by 34.6%. The bottom-line beat came on the back of higher sales.

Operating Highlights

Total revenue in the quarter increased 7.1% year over year to $145.9 million, above the Zacks Consensus Estimate of $142.0 million. Handgun sales advanced 29.9% from the year-ago quarter defying the present gun sales trend.

The company continues to launch new products, as seen in the SHOT Show held in January, particularly in the revolver category. These products were well received with incremental orders pouring in from customers.

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