Smith & Wesson (SWHC) announced that it earned $21.2 million, or 31 cents per share, versus a loss of $1.6 million, or 2 cents per share, in the same period last year due to costs associated with a part of the business it was trying to sell. Revenue increased by 48 percent to $136.6 million from $92.3 million in the same period last year. Analysts had expected earnings of 23 cents per share and revenue of $136.1 million.
Shares are higher by about 3.9 percent.
G-III Apparel (NASDAQ:GIII) announced that it earned $2.43 per share during the third quarter, beating estimates of $2.31, and above the buided range of $2.25 to $2.35 per share. Sale increased by 6.6% to $543.5 million, but were below estimates of $569 million as shipments were disrupted by Hurricane Sandy. The company noted strong growth of wholesale licensed apparel.
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