Smith & Wesson Holding Corp. reported late Thursday its fiscal first-quarter profit rose to $14.4 million, or 26 cents a share, from $14.56 million, or 26 cents a share, a year ago. Revenue for the three months ended July 31 rose 12% to $147.8 million from $131.9 million a year ago. Analysts surveyed by FactSet had expected the gun maker to earn 23 cents a share on $142.9 million in revenue. The company also raised its profit outlook for the fiscal year ending April 30, 2016, to a range of 99 cents to $1.04 a share and said it now expects full-year sales of $610 million to $620 million. Smith & Wesson shares rallied as much as 7% to $17.40 on the report, adding to a 71% gain for the stock so far this year.
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