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Smith & Wesson Eyes Best Week in a Year on Earnings, New York Ruling

  • The gun maker reported quarterly profit that beat expectations
  • Its stock jumped 23% for its best week since June 2021
Attendees view Smith & Wessons Corp. firearms. 

Attendees view Smith & Wessons Corp. firearms. 

Photographer: Daniel Acker/Bloomberg
Updated on

Shares of Smith & Wesson Brands Inc. posted their best week in a year after the gun maker reported quarterly profit that topped analysts’ expectations and raised its dividend.

The stock jumped 14% Friday to close at $16.44, its biggest gain since June 2021, after fourth-quarter earnings per share from continuing operations came in at 82 cents, compared with the average analyst estimate of 67 cents. The weapons manufacturer also announced a 25% quarterly dividend boost to 10 cents per share.