Smith & Wesson Gun Sales Soar as Obama Announces Gun Rules
- Gunmaker increases quarterly sales forecast by 16 percent
- President announces executive actions to expand federal checks
Inside Pres. Obama's Speech on Gun Control
This article is for subscribers only.
Smith & Wesson Holding Corp. rose to its highest value ever after raising its forecast for gun sales as President Barack Obama announced new restrictions on arms sales.
The maker of handguns said revenue for the quarter ending Jan. 31 may be as high as $180 million, a 16 percent increase from its forecast given in December. Gun sales surged last month as discussion of weapons restrictions heated up after a terrorist shooting in San Bernardino, California, left 14 dead.