Smith & Wesson making money
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. . . .