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Earnings roundup: Smith & Wesson, Thornburg

By Associated Press
June 12, 2008 | Comments (0)

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Among the earnings stories for Thursday, June 12, from AP Financial News:

SPRINGFIELD, Mass. (AP) _ Smith & Wesson Holding Corp.'s fiscal fourth-quarter earnings dropped 37 percent, as higher marketing costs failed to boost sales, the gun maker said Thursday.

SANTA FE, N.M. (AP) _ Thornburg Mortgage Inc. said Thursday it swung to a $3.31 billion loss in the first quarter, and expects loan delinquencies to continue to increase "modestly" for the rest of the year.

SUNNYVALE, Calif. (AP) _ Wireless network component maker Finisar Corp. said Thursday its fiscal fourth-quarter loss narrowed as optical subsystems and components revenue jumped.

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