Smith & Wesson Surges 28% in Early Trading as Q4 Earnings Beat Forecasts

Smith & Wesson Brands (SWBI) surged 28% to $17.56 in early trading today, following stronger-than-expected fourth-quarter financial results. The gunmaker reported net sales of $178.4 million, exceeding analyst expectations of $155.5 million. Adjusted EBITDA reached $30.9 million compared to the market expectation of $23.3 million, while adjusted earnings per share came in at 36 cents.
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