SEARCH BLOG: OBAMA and RIGHTS.
About 50% of the voters in the U.S. are voting with their wallets... or so it seems. You know, all of those redneck Tea Party types that are not welcome by the Party Of Inclusion*. Those Neanderthals who simply won't give up their 2nd Amendment rights despite the best logic of sociologists. They are the ones responsible for this example of corporate greed. President Obama will have to rectify this situation immediately.
Smith & Wesson soars as earnings beat Wall St.
Smith & Wesson shares explode on record fiscal first-quarter profit and revenue
SPRINGFIELD, Mass. (AP) -- Sales are so strong that Smith & Wesson Holding Corp. is aiming for bigger profits. Its shares jumped more than 19 percent in after-hours trading as the gun maker posted record quarterly earnings and said it expected more to come.
Smith & Wesson expects earnings during the fiscal year ending next April in the range of 85 to 90 cents per share with revenue of $530 million to $540 million, or nearly one-third higher than the previous year. That would demolish analysts' forecasts of 57 cents per share including special items, and sales of $498.2 million, according to FactSet.
The company said Thursday that it earned a record profit in its fiscal first quarter, which ended July 31. Net income was $18.9 million, or 28 cents per share, compared with $2.3 million, or 4 cents per share, a year earlier. Analysts expected 18 cents per share on sales of $128.7 million.
Sales jumped 48 percent to a record $136 million, even as the company cut marketing costs. Smith & Wesson credited orders for the newest lightweight pistol in its M&P line, called the Shield, which it advertises as "slim, concealable power" in 9mm & .40-caliber versions, along with other popular guns. [image] [full article]*