Smith & Wesson Stock Surges on Strong Q3 Results

Smith & Wessons stock surged 17.5% following Q3 earnings, beating Wall Street expectations for revenue and profit. Despite a slight sales drop, adjusted earnings per share doubled, EBITDA beat estimates by 26%, and free cash flow improved significantly. This positive reaction indicates a potential turning point for the companys stock performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.