Smith & Wesson Holding Corp Issues Q4 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance

Smith & Wesson Holding Corp announced that for the fourth quarter of 2013, it expects net sales from continuing operations to be between $165.0 million and $170.0 million and GAAP earnings per diluted share from continuing operations of between $0.38 and $0.40. For fiscal 2013, the Company is raising its financial guidance and expects net sales from continuing operations of between $575.0 million and $580.0 million and GAAP earnings per diluted share (EPS) from continuing operations of between $1.17 and $1.19. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $155 million and EPS of $0.30 for the fourth quarter of 2013 revenues of $561 million and EPS of $1.06 for fiscal 2013.