Smith & Wesson Holding Corp. updated its guidance for its fourth quarter and 2015 fiscal year, which ends Apr. 30. The company indicated that orders throughout its quarter have been stronger than originally anticipated.
After the news came out, shares of Smith & Wesson rose $1.97, or 15.2 percent, to $14.97 in over-the-counter trading.
For the fourth quarter, sales are now expected to range between $175.0 million and $179.0 million and GAAP EPS from continuing operations between 34 and 36 cents, up from its early March estimates of $162 million to $166 million and 29 to 31 cents. On a non-GAAP basis, EPS is expected to be between 39 and 41 cents.
For full 2015 fiscal year, sales are expected between $546.0 million and $550.0 million and GAAP EPS from continuing operations between 84 and 86 cents. On a non-GAAP basis, the company expects EPS between 96 and 98 cents.
On a GAAP basis, it earned 44 cents in the year-ago quarter and $1.49 in the prior-year’s full-fiscal year.
