U.S. Markets close in 1 hr 34 mins

Smith & Wesson Drops; Quiksilver Skyrockets; Mattress Firm Holding Corp and SHFL Reporting

Dan Berman
Hot Stock Minute
Smith & Wesson Drops; Quiksilver Skyrockets; Mattress Firm Holding Corp and SHFL Reporting

Smith and Wesson (SWHC) which has been down more than 5% in early trading despite a robust earnings beat after yesterday's close. The gunmaker made 40-cents a share when estimates were for 36-cents. And revenue reached $171-million when expectations were for $165-million. Numbers were also up dramatically from a year-ago due to increasing demand. The problem here:The company issued disappointing guidance on waning demand. In fact, the numbers are likely to fall below those figures from a year ago. As of yesterday's close the stock is up 34% year-to-date. And last month shares hit their highest level in more than five years.

Clothing company Quiksilver (ZQK) which says unchanged here because it trades on the NYSE but has been up more than 20% on its earnings. The company missed on revenues which came in on the south side of $500-million. But earnings were 10-cents a share excluding items when expectations were for just 4-cents. Quicksilver stock has already been up 19% so far this year.The company says it has been successful at improving operating efficiencies. If this morning's climb in the stock price holds, Quiksilver will be able to boast a market cap over $1-billion dollars.

Mattress Firm Holding Corp (MFRM) is down 11% on its earnings which came out this morning. The company made 43-cents a share, 8-cents lower than expected. Revenue was also below expectations at $302-million when analysts were looking at $323-million. The chain has also lowered its guidance. Prior to this morning, the company stock was up 67% year-to-date.

SHFL Entertainment (SHFL) report earnings later today. SHFL used to be known as Shuffle Entertainment. It's a supplier of gambling equipment-- everything from card shufflers to table games. Earnings are expected to be 21-cents a share, up 2-cents from a year ago. Revenue is expected to be up more than 22% to $77.57-million. Shares are up more than 55% this year, largely on an announcement in July that the company plans to merge with Bally entertainment.