Gun maker Smith & Wesson Holding Corp (SWHC.O) reported a better-than-expected 61 percent jump in quarterly revenue, at a time when the U.S. presidential election campaigns and recent shootings fuel fears of stricter gun laws.
Shares of the company were up about 5 percent at $26.66 in extended trading.
Chief Executive James Debney told analysts on a conference call on Thursday that the demand for firearms is a result of short-term influences of "potential impact of news events and the current political environment".
Smith & Wesson said firearm net sales jumped 56.4 percent to $194.7 million in the third quarter, from a year earlier.
Rival Sturm Ruger & Co Inc's (RGR.N) CEO, Michael Fifer, said last week he expected a lift in demand for the company's firearms if a Democrat wins this year's presidential elections. http://www.reuters.com/article/us-smith-wesson-results-idUSKCN0W52TF
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