Smith & Wesson Boosts Forecast After Gain in Handgun Sales
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Smith & Wesson Holding Corp. posted a gain in quarterly earnings and sales and raised its full-year forecast as heightened concerns over personal safety spur handgun purchases.
The results for the period ended Oct. 31 predated the terrorist attacks in Paris and San Bernardino, California. Based on the public response to mass shootings such as the 2012 Sandy Hook Elementary School massacre, firearm sales may keep rising as enthusiasts stockpile weapons ahead of any push to tighten gun laws.