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Firearm company Smith & Wesson Brands (NASDAQ:SWBI) reported third-quarter financial results after market close Thursday. Here are the key highlights.
• Smith & Wesson Brands stock is approaching key resistance levels. Why did SWBI hit a new high?
Smith & Wesson Q3 Earnings
Smith & Wesson reported third-quarter sales of $135.71 million, up 17.1% year-over-year. The sales total beat a Street consensus estimate of $125.59 million, according to data from Benzinga Pro.
The company reported eight cents in earnings per share, beating a Street consensus estimate of five cents per share.
“We were very pleased with our third quarter results, …
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