Smith & Wesson Brands reported a 27% increase in revenue, bolstered by successful new product rollouts that expanded the firm's footprint in the firearms market. The company also posted higher fourth-quarter profits, pushing the stock up 15% to $15.85.
In section Market Quotes
After-Hours Market Movers: Smith & Wesson, LPA, and Legend Biotech
A 65% surge in Logistic Properties of the Americas shares headlined a volatile after-hours session, as investors reacted to a major asset sale in Peru, while Smith & Wesson enjoyed a double-digit rally following a strong quarterly earnings report that outpaced analyst expectations for revenue growth.
Elsewhere, Logistic Properties of the Americas announced the divestment of a logistics park in Lima, Peru, for $145 million. The market responded sharply to the news, sending shares climbing to $5.17. Conversely, Legend Biotech faced downward pressure after announcing a $225 million underwritten public offering of American depositary shares. Following the disclosure, the company's ADSs dropped 7.1% to $31.15.
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