Smith & Wesson stock drops after fiscal Q2 earnings miss expectations on lower demand

Smith & Wesson Brands Inc.
SWBI,
-2.16%

stock fell more than 6% in the extended session Tuesday after the firearms manufacturer missed Wall Street expectations for its fiscal second-quarter results, with sales dropping significantly year-on-year on weakened demand. Smith & Wesson earned $9.6 million, or 21 cents a share, in the quarter, compared with $50.9 million, or $1.05 a share, in the year-ago period. Adjusted for one-time items, Smith & Wesson…

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