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Smith & Wesson Holding Corp. (NASDAQ:SWHC) posted its fiscal 2011 Q1 results following the closing bell Thursday afternoon, reporting quarterly revenue of $94.9 million. The company reported quarterly net income of $6.2 million, or $0.10 per share. president and CEO Michael F. Golden commented, "Our first quarter performance was characterized by solid execution in firearms, despite challenging year-over-year comparisons, as well as the highest quarterly sales in the history of our Perimeter Security Division, The quarter was also highlighted by the successful launch of our new BODYGUARD® revolvers and pistols." SmarTrend currently has Smith & Wesson in a Downtrend. Since 2008, SmarTrend subscribers trading Smith & Wesson using our alerts outperformed the stock by 7%. We are monitoring these developments and will alert subscribers to any change in trend.