Market Roundup

Shares of Smith & Wesson Holdings Corp SWHC declined about 4.45% after the company reported quarterly results. SWHC reported a FQ2 net loss of $0.62 per share, versus net earnings of $0.22 per share, in the year-earlier period. Excluding one-time items, SWHC posted earnings at $0.05 per share, versus $0.12 per share, in the year-ago period. The company's revenue came in at $96.3 million. However, analysts were expecting adjusted profit of $0.02 per share on revenue of $102.6 million. The NYSE Arca Pharmaceutical Index (DRG) rose about 0.01%, while the NYSE Arca Biotechnology Index (BTK) fell about 0.24%. Shares of Teva Pharmaceutical Industries TEVA gained about 6.2% after the company reported that Phase III study of its drug laquinimod, for treating multiple sclerosis met its primary endpoint. Shares of Diamond Foods Inc DMND surged about 6.5% after the company reported better-than-expected Q1 results and lifted its full-year projections. Shares of Diamond Foods have jumped 37% year-to-date. Airline stocks rose, with the NYSE Arca Airline Index (XAL) rising about 0.36%. The top gainer in the list was Brazil's Lan Airlines LFL. Shares of JetBlue Airways Corp JBLU fell about 0.2% after the company cut its Q4 revenue projections. Read more from Benzinga's Markets.