Firearms maker, Smith & Wesson Holding Corp. (NASDAQ: SWHC) after the market close on Thursday said that fiscal first quarter net income rose 49%, driven by robust demand for guns. Besides, earnings and revenue also beat Street’s consensus estimate. However, analysts are concerned about the future sales trend. Analysts fear that the unusual demand seen in last few quarters will stabilize now. A series of mass-shooting incidents last year raised speculation that lawmakers might make gun control laws stiffer. Still, the Company is confident that sales will continue to show strong growth. Smith & Wesson lifted its full-year sales outlook on Thursday.
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Major Movers on June 26; FCFS, APOL, SWHC, SYNA, ADBE, P
Shares of First Cash Financial Services Inc. (NASDAQ: FCFS) slumped about 10.70% by afternoon trade. The pawn store operator, late last evening, handed downbeat earnings outlook for the fiscal second quarter and downwardly revised full year revenue guidance. For the fiscal second quarter, First Cash Financial Services Inc expects earnings to be in the range of 56 cents to 59 cents a share while analyst’ consensus estimate was for 60 cents a share. For the full-year fiscal, the Company expects revenue in the range of $275 million to $290 million down from earlier projection of $310 million to $324 million. Analysts’ forecast was for $310 million.
Continue reading Major Movers on June 26; FCFS, APOL, SWHC, SYNA, ADBE, P
Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for earnings of 4 cents a share, according to a data compiled by Thomson Reuters. Revenue climbed 38% to $301.34 million from $217.92 million, in the year earlier quarter and topping Street’s estimate for $299.13 million. Same-store-sales jumped 41% compared to 26% in the same period of last fiscal year.
Continue reading Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Major Movers on December 7; LFVN, SWHC, AMRN, QRE, NFLX, ACRX, HWD
Shares of Lifevantage Corporation (NASDAQ: LFVN) continued to slump on Friday. After plunging 16 percent in the previous session, shares were losing another 4 percent on Friday. The company announced that it will be recalling and replacing bottles of its Protandim (the Nrf2 Synergizer, dietary supplement) from all affected independent distributors and others customers. The Company said tit was taking this decision as it feels that final product contained small metal fragments.
Continue reading Major Movers on December 7; LFVN, SWHC, AMRN, QRE, NFLX, ACRX, HWD
Smith & Wesson Reports Q2 Results (SWHC)
Shares of firearms manufacturer, Smith & Wesson Holding Corporation (NASDAQ: SWHC), edged up in premarket trading on Friday after the company, following closing bell ring on Thursday, reported that it swung back into profit during fiscal second quarter as margins continued to strengthen while demand for guns and rifles was also robust.
Major Gainers and Losers on September 10; GERN, AIG, GMCR, SWHC, BAH, PXP, S
Shares of Geron Corporation (NASDAQ: GERN), a biotechnology company focused on developing therapies for cancer, are sinking in today’s trading after the company said that it is ending its imetelstat breast cancer study.
Continue reading Major Gainers and Losers on September 10; GERN, AIG, GMCR, SWHC, BAH, PXP, S
Major Gainers and Losers on September 7; SWHC, ADNC, BIOF, ULTA, INTC, LULU, AMD, CLF
Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC), a provider of products and services for safety, security, protection, and sport, rallied in trading today after the company reported record first-quarter fiscal 2013 financial results.