NEW YORK (TheStreet) -- Shares of Sportsman's Warehouse Holdings Inc. (SPWH) are climbing higher by 15.12% to $6.95 on heavy volume at the start of trading on Friday, after the company reported net income for the 2014 second quarter was $5.1 million, or 12 cents per diluted share, exceeding analysts' expectations of 10 cents for the quarter.
The outdoor sporting goods retailer posted a 2.3% increase in net sales to $159.5 million for the most recent quarter, while analysts were expecting revenue of $155.77 million.
The company said its better than expected quarterly earnings were driven by strong results from its categories outside of hunting and strong new store performances.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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