Stocks were mixed after the closing bell Thursday as a number of names issued fresh earnings and guidance.
Among the winners was Smith & Wesson (SWHC Quote). The Springfield, Mass., handgun maker shot up 5.3% to $15.70 after fiscal fourth-quarter income totaled $5.2 million, or 12 cents a share -- a penny higher per share than last year and 2 cents past the consensus estimate, according to Thomson Financial. Sales jumped 59% to $82.6 million, or $9.8 million ahead of targets.
Adobe Systems (ADBE Quote) slipped, however, despite besting top- and bottom-line estimates for the quarter ended June 1. The San Jose, Calif., software developer posted a non-GAAP profit of $223.2 million, or 37 cents a share, on revenue of $745.6 million. Shares, however, were lately off 0.7% to $43.65. ...
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