Smith & Wesson reported record quarterly and full-year results in an early announcement Thursday.
The gun maker reported preliminary results Thursday showing that sales for the fiscal year ended April 30 hit a record $588 million, a 43% increase versus the year prior. Earnings were a record $1.22 a share, up from 40 cents a share in the prior fiscal year.
Both figures came in slightly ahead of analyst expectations. Smith & Wesson (shares rose 5.3% in after-hours trading. )
The trend began with President Obama's reelection and accelerated in the months after a gunman killed 20 children and six adults in December in Newtown, Conn. It may now be on the wane after the U.S. Senate failed to pass gun-control legislation in April that would have expanded background checks and banned some semi-automatic weapons.
Smith & Wesson's preliminary figures showed sales in its most recent quarter rose 38% versus a year prior to $179 million, also a record. The company will report its full fiscal year and fourth-quarter results on June 25.
|Ousted Yahoo exec gets $58 million golden parachute|
|Canadians arrest a Heartbleed hacker|
|GM's recalled Cobalt was a failure from the start|
|US Airways won't fire worker who sent lewd tweet|
|Obama would cut deficits by another $1 trillion|