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...Smith & Wesson shares jumped more than 10 per cent in morning trade on Friday after the firearm manufacturer said sales of newly launched guns and higher prices helped it report better than forecast results...
...At the gun store in Holon, a group inside watched safety videos while a harried clerk rang up sales for new Smith & Wesson handguns, having run out of the perennial favourite: the 9mm Glock nicknamed “Masada...
...The vast majority (91 per cent and climbing) of murders in which the type of gun is known is attributable to handguns. The right to bear arms undoubtedly plays a role in rising homicide rates....
...Several consumer-facing companies tell a similar story, with Smith & Wesson complaining at this month’s earnings announcement that sales had been hit by consumers opting for cheaper guns....
...Firearms manufacturer Smith & Wesson and American Outdoor Brands also report earnings. Correction: Earlier this week we incorrectly stated the date of the Lebanon presidential election....
...Other earnings: Firearms manufacturer Smith & Wesson and American Outdoor Brands will both report earnings after the bell....
...Smith & Wesson is up 12 per cent over the past month, but remains down nearly a third over 12 months....
...Consumer packaged goods company Conagra and American Outdoor Brands, a maker of camping and fishing gear and previously the manufacturer of Smith & Wesson guns, also report earnings....
...Firearms manufacturer Smith & Wesson will also report earnings just weeks after two high-profile mass shootings in the US....
...Other earnings: Firearms manufacturer Smith & Wesson will report earnings after the bell, just weeks after two high-profile mass shootings in the US....
...On Thursday the high court threw out longstanding New York restrictions on carrying handguns outside the home. “We now have Supreme Court members sympathetic to the gun industry,” Lytton said....
...Essie, a 72-year-old African American I found shopping for a handgun nearby, said that she doesn’t want to be prevented from buying a gun to protect her mother, who is 96 years old....
...The same rules must apply to Smith & Wesson, American Outdoor Brands and other gun manufacturers. But America’s problem goes deeper than the scandalous availability of guns....
...& Wesson handguns, stun devices, firecrackers, handcuffs, chemicals and knives — Republican leaders breathed a sigh of relief....
...“That guy looks like he for sure owns handguns. How many handguns do you have, sir?” He points at a blonde woman. “I would do shit to you that’s illegal in Afghanistan!...
...I note that amid a near-bear market in US stocks, the share price of Smith & Wesson and other gun companies has surged since Tuesday....
...Smith & Wesson is also inclined to pay out cash to its shareholders....
...Defendants include six US-based gunmakers — among them Smith & Wesson, Colt and Sturm Ruger — whose weapons Mexico said turn up most often on its side of the border....
...The sales boom helped Smith & Wesson swing to a profit in the quarter. It earned $48.4m in net income, or 86 cents a share, compared with a $2.1m loss, or 4 cents a share....
...Rapper Lil Wayne, who recently pleaded guilty to possessing a loaded, gold-plated handgun and faced up to 10 years in prison, was also among the more than 100 individuals from the worlds of business, politics...
...“I do think that this bodes very well for us into the future,” said Mark Smith, chief executive of Smith & Wesson, about the August survey....
...American Outdoor said last month “changes in the political climate” and a tighter insurance market contributed to its decision to separate its accessory brands and Smith & Wesson, the 167-year-old firearms...
...Gunmaker Smith & Wesson, which has experienced “unparalleled” consumer demand this year, according to chief executive Mark Smith, suffered an initial hit to its share price on Wednesday as traders bet on...
...However, sales dipped after Donald Trump’s surprise win, putting pressure on many firearm manufacturers, including American Outdoor Brands, which owns Smith & Wesson....
...The new Smith & Wesson Brands will manufacture rifles and handguns under the namesake brand and Thompson/Center Arms, in addition to making Gemtech suppressors, generating an estimated $450m to $500m in...
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