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The Boston Globe

Business

Mass. movers

Gunmaker falls despite strong outlook

Springfield-based Smith & Wesson Holding Corp. raised its full-year outlook for 2013 after the company reported strong second-quarter earnings. The company projected to reach $550 million to $560 million in net sales and $1 to $1.05 earnings per share. However, shares fell on a pair of analysts’ views that demand for firearms will decline soon. They said Smith & Wesson’s order backlog dropped from $392 million to $333 million in the period.

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