You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

mass. movers

Gun maker’s stock surges, along with sales

The company’s handgun sales grew 29.9 percent in the most recent quarter.

Associated Press/File 2014

The company’s handgun sales grew 29.9 percent in the most recent quarter.

Continue reading below

Smith & Wesson Holding Corp., the Springfield gun maker, surprised Wall Street with a very strong quarter. Sales surged last year after the massacre in Newtown, Conn., and other shootings. Many gun enthusiasts went on a buying spree, fearing restrictions on ownership. Net sales were $145.9 million, up 7.1 percent from a year earlier. The company raised its fiscal 2014 guidance. It estimates net sales of $615 million to $620 million and earnings per diluted share from continuing operations of $1.39 to $1.42, better than analysts forecast.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
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
Marketing image of