Smith & Wesson Earnings More than Tripled in Last Quarter

Gun sales skyrocket

Smith & Wesson said Tuesday that earnings more than tripled in its most recent quarter. The company also raised its outlook for gun sales this year.

The nation's second biggest publicly traded gun company said it earned $17.5 million, or 26 cents per share, from continuing operations in the quarter that ended in January. That's up from $5.4 million, or 8 cents per share, in the same period last year.