BUZZ-Gunmaker Smith & Wesson down despite Q4 beat

Reuters06-21

** Shares of Smith & Wesson Brands down 4.3% premarket to $15.70, over 3-mth low, even after firearms manufacturer's Q4 results top expectations

** Maryville, Tenn-based firm late Thurs posted ~10% yr/yr rev increase of $159.1 mln and adj EPS of 45 cents

** LSEG consensus had called for rev of $156.8 mln and earnings of 34 cents/sh

** SWBI CEO Mark Smith said in statement despite highly competitive environment in traditionally slower summer season, co expects to continue growing on overall healthy demand in fiscal 2025

** Lake Street Capital Markets, which rates SWBI "buy", raised its PT by $2 to $18, pointing to continued momentum

** Co's strong firearm sales fueled by introduction of new products, increased handguns volumes, and strong growth in long gun sales, Lake Street says in note to clients

** Through Thurs, SWBI's stock up 21% YTD and up 40% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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