Smith & Wesson Holding (SWHC) announced preliminary net sales for the fourth quarter of $179 million after the close Thursday. Preliminary GAAP net income from continuing operations is expected to be approximately $0.44 per diluted share.
The company also announced that its Board of Directors has approved the repurchase of up to $100.0 million of the company's outstanding common stock. The stock is now up 0.55 on 235K shares.
Smith & Wesson climbed during the early portion of the afternoon Thursday and finished up by 0.21 at $9.30.
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