NEW YORK -- Smith & Wesson (SWHC - Get Report), the gun maker, posted fiscal first-quarter net income from continuing operations of $18.9 million, or 28 cents a share, on revenue of $136 million, topping the estimates of Wall Street analysts.
The company also lifted its outlook for the fiscal year ending in April 2013, forecasting earnings of 85 cents to 90 cents a share on revenue ranging from $530 million to $540 million.
SunTrust Banks (STI) plans to sell sell $1.2 billion of Coca-Cola (KO) stock. SunTrust said it will record a $1.9 billion pretax gain on the sale.
Kroger (KR - Get Report), the grocery giant, is expected by analysts Friday to post second-quarter profit of 49 cents a share on sales of $21.88 billion. Don't Hate the Company With a P/E Ratio of 300
Lululemon Athletica (LULU - Get Report) is expected to report Friday quarterly earnings of 31 cents a share on revenue of $282.8 million. Lululemon's results are due before Friday's opening bell.
-- Written by Joseph Woelfel
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