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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Smith & Wesson Brands Stock After Hours?

Nasdaq SWBI Mark Smith Smith Wesson

Smith & Wesson Brands Inc (NASDAQ:SWBI) shares are flat in Thursday's after-hours session. Although the company announced better-than-expected financial results, moderate demand for firearms led to lower revenue year-over-year.

Smith & Wesson said fourth-quarter revenue decreased 43.9% year-over-year to $181.3 million, which beat the estimate of $179.85 million, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 82 cents per share, which beat the estimate of 69 cents per share.

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