Wedbush Remains Sidelined on Smith & Wesson (SWHC) Following 1Q Beat
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
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- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
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Smith & Wesson Holding Corporation Reports First Quarter Fiscal 2017 Financial Results
September 1, 2016 4:05 PM EDTSPRINGFIELD, Mass., Sept. 1, 2016 /PRNewswire/ --Â Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, today announced financial results for the fiscal first quarter 2017, ended July 31, 2016.
First Quarter Fiscal 2017 Financial Highlights
Quarterly net sales were $207.0 million compared with $147.8 million for the first quarter last year, an increase of 40.1%. Gross margin for the quarter was 42.3% compared with 39.8% for the first quarter last year. Quarterly GAAP net income was $32.6... More