20.01.2015 - Smith & Wesson improved forecasts
The stock price of an arms manufacturer Smith & Wesson shows steady growth against the background of the revision of the forecast for the 3rd quarter of the fiscal year. According to analysts, the revenue in the quarter, which ends in January will be from 124 to 126 million US dollars, compared to the previously estimated 113-118 million dollars. We recall that the in the previous three months, the company's shares were down 2.7%. Given the growth of military spending in the US, as well as the sale of accessories for weapons, the company's shares have upside potential of 20-22% this year.