Guns are selling like hotcakes: Smith & Wesson (SWHC) announces preliminary results for FQ4,...

|By:, SA News Editor

Guns are selling like hotcakes: Smith & Wesson (SWHC) announces preliminary results for FQ4, saying sales were up 28% Y/Y to $129M - higher than the firm's guidance calling for $113M-$118M. Preliminary firearm order backlog increased 135% Y/Y and 121% Q/Q to approximately $439M. Shares +5.2% premarket.