Smith & Wesson Is Firing on all Cylinders, Gun Sales Beat Expectations

Smith & Wesson is hitting its target. The Massachusetts based gun maker beat earnings expectations and shares rallied in the extended session. What's unusual about Smith & Wesson's' report is that it had just lowered expectations as recently as December. Smith & Wesson's shares have risen by 45 percent since that downbeat December forecast. But some analysts say gun sales are stabilizing and that may mean share of Smith & Wesson as well as the other gun companies may be fully loaded. Smith & Wesson trades at just over 15 times the next 12 months projected earnings. Smith & Wesson shares were up 7 percent after hours.