Smith & Wesson Q1 Profit Rises - Quick Facts

(RTTNews) - Smith & Wesson Holding Corp. (SWHC) Thursday reported first-quarter profit of $26.48 million or $0.40 per share, up from $17.79 million or $0.27 per share in the same period last year.

Income from continuing operations increased to $26.5 million or $0.40 per share from $18.9 million or $0.28 per share last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $171.02 million, up from $136.0 million last year. Analysts expected revenues of $165.02 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.20 to $0.22 per share, with revenues ranging between $135.0 million and $140.0 million. Analysts currently expect the company to earn $0.29 per share on second-quarter revenues of $142.99 million.

For the fiscal 2014, the company has increased its earnings guidance to a range $1.30 to $1.35 per share from $1.30 to $1.35 per share, issued previously. Revenues are projected in a range of $610.0 million to $620.0 million, up from its previous guidance range of $605 million to $615 million.

Analysts currently expect the company to report full-year earnings of $1.30 per share on revenues of $612.85 million.