By Katherine Hamilton
GMS received a proposal to be acquired for $95.20 a share by QXO. Shares jumped toward the offering price, climbing 16% to $93.58 in after-hours trading Wednesday.
Gorilla Technology's revenue doubled and it narrowed its loss in the first quarter. Shares gained 11% to $20.92 after the market closed.
Smith & Wesson said it was still grappling with slow demand, as consumers are cutting back on gun purchases due to tariffs, inflation and interest rates. The firearm maker posted lower sales and profit, both below expectations, and said the industry is in a downturn. The stock slipped 13% to $9.51 postmarket.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 18, 2025 19:30 ET (23:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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