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Smith & Wesson 3rd-qtr sales up 39 pct
March 5, 2013 / 9:15 PM / 5 years ago

Smith & Wesson 3rd-qtr sales up 39 pct

March 5 (Reuters) - Gunmaker Smith & Wesson Holding Corp reported a 39 percent jump in third-quarter sales, helped by higher demand for its pistols and modern sporting rifles.

Shares of the company rose 4 percent to $10.32 in after-market trading.

Revenue at the company, which competes with Sturm Ruger and Co Inc and privately held Glock Inc and Taurus, rose to $136.2 million in the quarter ended Jan. 31.

Net income in the quarter rose to $14.6 million, or 22 cents per share, from $4.4 million, or 7 cents per share, a year earlier.

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