Smith & Wesson only looked on target (SWHC)

Posted in General 
June 23rd, 2009

Smith & Wesson Holding corp (Nasdaq: SWHC) shares are down about 3% in early premarket trading on strong volume after the handgun manufacturer beat earnings expectations by $0.02 a share last night, but reported that it expects a slide in order backlog for its fiscal first quarter. Industrywide, the company reported only 15 percent growth in FBI background checks for new guns in May, down from a 30 percent increase in April. — Mike Tarsala

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