Smith & Wesson Announces 48% Surge In Gun Sales

by Paul Joseph Watson, Infowars.com  |  published on December 7, 2012

With gun control becoming part of the national debate over the last week in the aftermath of NBC Sports anchor Bob Costas’ comments, Smith & Wesson have announced a 48% surge in firearms sales and a quarterly profit of $21.2 million dollars.

“Net sales from continuing operations for the second quarter were a record $136.6 million, up 48.0% from the second quarter last year,” states a press release by Smith & Wesson Holding Corporation.

The $21.2 million profit compares to a $1.6 million loss in the same quarter last year.

“The increase was led by continued strong sales across all of the company’s firearm product lines, including M&P™ branded products, such as pistols, modern sporting rifles, and the recently launched Shield™ pistol designed for concealed carry and personal protection,” adds the press release.

The news helped push shares in Smith & Wesson up almost 3% in after-hours trading.

Given the fact that Black Friday gun sales were 20% higher than the previous year, smashing the all time record as the FBI reported 154,873 background check requests, expect the perfomance of gun manufacturers like Smith & Wesson in the third and fourth quarters to be even stronger.

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