Investing.com - Smith & Wesson reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Smith & Wesson announced earnings per share of $0.11 on revenue of $84.39M. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $167.68M.
Smith & Wesson shares are down 11% from the beginning of the year, still down 44.64% from its 52 week high of $24.26 set on November 19, 2021. They are outperforming the Nasdaq which is down 24.18% from the start of the year.
Smith & Wesson follows other major Consumer Discretionary sector earnings this month
Smith & Wesson's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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