Smith & Wesson sales jump 7%; shares surge

handguns smith wesson

Sales rose 7% for gunmaker Smith & Wesson last quarter.

The growth was fueled by an increase in handgun sales, which surged 30% compared to the same quarter last year.

Gun sales surged following a series of shootings, especially in Newtown, Conn., in December 2012, as people feared President Obama would successfully pass restrictive gun legislation.

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