Wednesday, March 6, 2013

Smith & Wesson Earnings Triple

The American citizen is preparing for the coming attempt by the government to grab guns.

Smith & Wesson Holding Corp.'s earnings more than tripled in the latest quarter.

The fiscal third-quarter results issued Tuesday covered the three months ending in January. The company earned $14.6 million, or 22 cents, per share, during the quarter. That compared with net income of $4.4 million, or 7 cents per share, at the same time last year.

Revenue rose 39 percent from last year to $136 million.

"Performance gains were driven by continued robust consumer demand for firearms," said Smith & Wesson CEO James Debney.

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