Shares of Smith & Wesson (SWHC) were down 90 cents, or 17.1%, to $4.37 after the gun-maker said it expects sales growth of between 8% and 14% in its fiscal third quarter, reflecting "more normalized levels of demand and production versus the spike that we experienced beginning in the third quarter of fiscal 2009."



The company said sales would be $95 million at most, well below the consensus estimate of $104.5 million.