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.