Smith & Wesson Profit Tops Estimate; Cuts FY Outlook - Quick Facts

(RTTNews) - Firearms maker Smith & Wesson Holding Corp (SWHC) Tuesday reported first-quarter net earnings of $14.6 million or $0.26 per share compared with $26.5 million or $0.40 per share last year.

Revenues for the quarter were $131.9 million compared with $171 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.25 per share on revenues of $133.9 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects earnings of $0.04 to $0.08 per share and revenues of $100 million to $110 million. Analysts expect earnings of $0.28 per share on revenues of $136.8 million.

For fiscal year 2015, the company now projects earnings of $0.89 to $0.94 per share and revenues of $530 million to $540 million. Earlier it expected earnings of $1.30 to $1.40 per share and revenues of $585 million to $600 million.

Analysts expect earnings of $1.36 per share on revenues of $593.8 million for the year.