UPDATE 1-Gunmaker Smith & Wesson's 2nd-qtr forecast disappoints
* 1st-quarter earnings $0.40/share vs est $0.36
* 1st-quarter sales $171 mln vs est $165 mln
* Expects current-quarter sales of $135 mln to $140 mln
* Shares down 4 percent after market
Sept 5 (Reuters) - Gunmaker Smith & Wesson Holding Corp forecast current-quarter results below analysts' estimates as it expects to lose several days of production, sending its shares down more than 4 percent in extended trading.
The company, which reported a higher profit for the first quarter, said it expects second-quarter income from continuing operations of 20 cents to 22 cents per share on sales of $135.0 million to $140.0 million.
Analysts on average were expecting earnings of 29 cents per share on revenue of $143 million, according to Thomson Reuters I/B/E/S.
The company, which sells guns under brands such as Smith & Wesson, M&P and Thompson/Center, said it would lose several days of production in the second quarter due to a shift to a new resource planning system.
The company, which competes with Sturm Ruger and Co Inc and privately held Glock Inc and Taurus, said revenue rose to $171.0 million in the quarter ended July 30.
Net income rose to $26.5 million, or 40 cents per share, from $17.8 million, or 27 cents per share, a year earlier.
Springfield, Massachusetts-based Smith & Wesson's shares, which have risen more than 30 percent this year, were down about 4.3 percent at $10.97 in after market trading.