Why Smith & Wesson (SWHC) Stock Is Down In After-Hours Trading

NEW YORK (TheStreet) -- Shares of Smith & Wesson Holding Corp.  (SWHC) are down -11.71% to $15.01 in after-hours trading after it reported that net income fell -4.6% to $170.4 million, or 44 cents per diluted share, versus the $178.7 million, or 38 cents per diluted share, a year ago in the the fourth quarter ended April 30.

Looking forward, the firearms maker expects to earn between 23 cents and 25 cents a share in its fiscal 2015 first quarter, and between $1.30 and $1.40 a share for the full year.

Analysts had been looking, on average, for $1.50 a share for full-year earnings. 

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Separately, TheStreet Ratings team rates SMITH & WESSON HOLDING CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate SMITH & WESSON HOLDING CORP (SWHC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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