Smith & Wesson just reported a great quarter for gun sales

Gunmaker Smith & Wesson topped expectations when it reported fiscal-second-quarter results after the closing bell on Tuesday.

The company earned $143.2 million in net sales, up 32% year-on-year, beating the expectation for $139 million according to Bloomberg.

GAAP earnings per share totaled $0.22, versus $0.18 forecast by analysts.

The company had a great quarter for gun sales, which rose 15.2% to $124.9 million.

Its shares have rallied 126% year-to-date, and were slightly lower in volatile after-hours trading.

More to come …

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