Smith
Smith & Wesson Holding Corp.’s first quarter revenue rose 5 percent on the strength of increased demand for pistols.
The Springfield, Mass., company reported revenue of $78 million for the three months that ended July 31. That’s up from $74.4 million in the year-earlier period.
Pistol sales grew 18.4 percent, as they were snapped up by consumers and law enforcement agencies payday loans online. Net income in the quarter was $2.3 million, compared with $4.7 million in the year-earlier quarter.