The company, which reported a higher profit for the first quarter, said it expects second-quarter income from continuing operations of 20 cents to 22 cents per share on sales of $135.0 million to $140.0 million.
Sept 5- Gunmaker Smith& Wesson Holding Corp reported a 26 percent jump in first-quarter revenue, helped by higher sales of its M&P brand firearms. The company, which competes with Sturm Ruger and Co Inc and privately held Glock Inc and Taurus, said revenue rose to $171.0 million in the quarter ended July 30.
Surging demand for firearms and ammunition have not resulted in a jump in share prices for gunmakers.
Some of the names on the move ahead of the open.
The morning day President Barack Obama's emotional plea in his State of the Union message for a "vote" on new gun control measures, it is business as usual at the Blue Ridge Arsenal in Chantilly, Va.
With children sitting nearby, President Obama proposed a new ban on assault weapons and universal background checks for gun buyers on Wednesday in a sweeping package to curb firearm violence after the killing of 20 first-graders and six adults in a Connecticut school last month.
It's been 1 month since the elementary school shooting in Newtown, Connecticut, reports NBC's Anne Thompson; and weighing in on the debate over banning assault weapons is Kate Obenshain, author of "Divider-In-Chief;" Robert Costa, National Review; Don Clark, Former FBI Special Agent; and Steven Greer, The Healthcare Channel CEO.
The author of "Guns and Violence, The English Experience," discusses why mimicking Great Britain on gun control may not be the best idea.
Take a look at some of Wednesday's midday movers.
There has been a shift in the debate about gun ownership. Until now, the debate has mainly centered on the social or second amendment issues, the right to bear arms. Suddenly, the conversation has moved to include investor responsibility—the power of money.
The tragedy of Sandy Hook has sent the stocks of gun makers plummeting, even as consumers appear to be flocking to buy new firearms.
CNBC's Bertha Coombs reports Vanguard is a top holder in Smith & Wesson, and the firm is saying it cannot manage its funds to meet the "social concerns" of all shareholders.
Take a look at some of Tuesday's midday movers:
CNBC's Courtney Reagan reports Dick's Sporting Goods has suspended the sale of modern sporting rifles in all of its stores chainwide, and removed all guns from sale and from display in their store nearest to Newtown; and Dr. Tevi Troy, Hundson Institute senior fellow, weighs in on whether mental illness spending should be increased.
Should big institutions step up pressure on weapon makers, or stop funding them altogether? Dan Primack, Fortune senior editor, shares his opinions.
Cerberus announced it is selling Freedom Group and returning money to investors, reports CNBC's Mary Thompson.
While many special dividends have already been paid, Street.com has compiled a small collection of deals.
WASHINGTON-- Tennessee lawyer Brian Manookian says he never considered himself a gun enthusiast. He owns just one handgun and was raised in a gun-free home. An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns.
WASHINGTON-- President Barack Obama has presided over a heyday for the gun industry despite predictions by the National Rifle Association four years ago that he would be the "most anti-gun president in American history."
NEW YORK-- Benchmark Research believes the sell-off last week of shares in firearms manufacturers was overdone, and reiterated a buy recommendation on the stocks of the biggest producers.