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 consensus estimates are for revenues of $170.72 million and EPS of $0.40.
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.
Smith & Wesson gapped up sharply Friday and is currently higher by 0.49 at $9.79. The stock has climbed to a 3-month high.
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