Well, at least one gun maker's fortunes are improving. Forbes notes:
On a day when most stocks nose-dived, gun manufacturer Smith & Wesson (nasdaq: SWHC - news - people ) shot up 5.09%, or $1.02, to $21.06 on Friday.
On Thursday, the company reported record earnings of $74.4 million for the quarter ending July 31, and raised its guidance for the remainder of the 2007 fiscal year. Analysts attributed the gun maker's recent success to its product line expansion.
“Smith & Wesson has done a phenomenal job moving beyond the handgun market to include long guns like rifles,” said Eric Wold of Merriman Curhan Ford & Co. . . .
On Thursday, the company reported record earnings of $74.4 million for the quarter ending July 31, and raised its guidance for the remainder of the 2007 fiscal year. Analysts attributed the gun maker's recent success to its product line expansion.
“Smith & Wesson has done a phenomenal job moving beyond the handgun market to include long guns like rifles,” said Eric Wold of Merriman Curhan Ford & Co. . . .
Related Posts
Indiana Supreme Court lets suit against gun makers go forwardFrom the Indianapolis Star:A nearly decade-old lawsuit seeking to hold gun makers responsible for the city of Gary's ra- DC lawsuit against gun companies is dismissedThe Second Amendment Foundation released this press release:The Second Amendment Foundation today applauded the unanimo
- NY City lawsuit against gun makers is thrown outIt is about time that this got thrown out, though I am sure that it accomplished imposing a large cost on the gun maker
Smith & Wesson making money
4/
5
Oleh
abudzar
