June 13 Gun maker Smith & Wesson Holding Corp
said it expected to report higher fourth-quarter
results, sending its shares up 6 percent in extended trading.
Mass shootings such as the Newtown school massacre and the
Aurora theater shooting have triggered fierce gun control
debates in the United States and prompted President Barack Obama
to push for legislation to curb gun violence.
Fears of new gun controls have spurred demand of guns,
particularly among first-time buyers including a growing number
of women and pensioners.
Smith & Wesson estimated net income at about 44 cents per
share for the quarter ended April 30. Analysts on average were
expecting a profit of 40 cents per share, according to Thomson
The company, which sells guns under brands such as Smith &
Wesson, M&P and Thompson/Center, said it expected net sales to
increase 38 percent to $179 million, above estimates of $170.72
Separately, the company announced a $100 million stock
Smith & Wesson shares were up at $9.85 after the bell after
closing at $9.30 on the Nasdaq on Thursday.