Business

Mass. Movers

Smith & Wesson misfires on forecast

Smith & Wesson reported first-quarter earnings and revenue that beat estimates.

Jonathan Wiggs/Globe Staff

Smith & Wesson reported first-quarter earnings and revenue that beat estimates.

Smith & Wesson reported first-quarter earnings and revenue that beat estimates. But the gun maker’s stock misfired after it posted a disappointing forecast for the current quarter. The company said net income rose to $26.5 million, or 40 cents per share, up from $17.8 million, or 27 cents, a year ago. For the second quarter, however, the company expects adjusted earnings between 20 cents and 22 cents. It expects revenue between $135 million and $140 million. That’s below estimates of 29 cents and revenue of $143 million.

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