Why Shares of Smith & Wesson Are Getting Crushed Today

·2-min read
Why Shares of Smith & Wesson Are Getting Crushed Today

On a day when many stocks are down, investors in Smith & Wesson Brands (NASDAQ: SWBI) are seeing red. Investors are clicking the sell button today in response to the fiscal second-quarter earnings report, which the company released yesterday after the market closed. Falling short of analysts' expectations that it would report revenue of $265 million and earnings per share (EPS) of $1.29, Smith & Wesson reported Q2 2022 sales and EPS of $231 million and $1.13, respectively.

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