Smith and Wesson reports tripled earnings

Wednesday, March 6, 2013 - 11:07am

Smith and Wesson reports earnings more than tripled in its most recent quarter. The nation's second biggest publicly traded gun company also raised its outlook for gun sales this year.

Those results followed a similarly strong quarterly report from gun maker Sturm Ruger last week.

The gun industry has seen a spike in demand from consumers who fear new regulations could limit their ability to buy certain firearms. It's a trend trend that began with President Obama's re-election. He's made gun control a top priority for his second term. It accelerated in the months since the Sandy Hook Elementary mass shooting.

Smith and Wesson's CEO says the gun industry "is part of important national discussion about how to cope with violence in our communities."
 

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