Smith & Wesson stock rises after fourth-quarter results top expectations, dividend hike

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Smith & Wesson stock rises after fourth-quarter results top expectations, dividend hike
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Shares of Smith & Wesson Brands Inc. on Thursday rose after hours after the gun maker reported fiscal fourth-quarter results that topped expectations and...

Shares of Smith & Wesson Brands Inc.

on Thursday rose after hours after the gun maker reported fiscal fourth-quarter results that topped expectations and said its board approved a 20% dividend hike. The company reported net income of $12.8 million, or 28 cents a share, compared with $36.1 million, or 79 cents a share, in the same quarter last year. Sales fell 20.1% to $144.8 million, compared with $181.3 million in the prior-year quarter. Adjusted for relocation expenses, Smith & Wesson earned 32 cents a share.

on Thursday rose after hours after the gun maker reported fiscal fourth-quarter results that topped expectations and said its board approved a 20% dividend hike. The company reported net income of $12.8 million, or 28 cents a share, compared with $36.1 million, or 79 cents a share, in the same quarter last year. Sales fell 20.1% to $144.8 million, compared with $181.3 million in the prior-year quarter. Adjusted for relocation expenses, Smith & Wesson earned 32 cents a share.

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