Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Gun maker up on buyback plan, profit news

Smith & Wesson shares are up 16 percent this year.

Suzanne Kreiter/Globe Staff

Smith & Wesson shares are up 16 percent this year.

Continue reading below

Smith & Wesson Holding Corp. surged the most in almost five months after announcing a $100 million stock repurchase plan and reporting preliminary profit that was higher than analysts had estimated. The Springfield-based company said profit for the three months ended April 30 was probably 44 cents a share, a record, compared with 27 cents per share a year earlier. That compared with an average estimate of 40 cents, according to data compiled by Bloomberg.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com