U.S. firearms maker Smith & Wesson Holding Corp's
For the fourth quarter ended April 30, the Springfield, Massachusetts-based company posted a net profit of $7.4 million, or 14 cents a share, compared with $3.3 million, or 8 cents a share, last year.
Smith & Wesson, which rivals with Ruger and Taurus for revolvers and Glock, Ruger and Springfield Armory for pistols, said its firearms backlog increased to $268 million by the end of April.
Net product sales rose 20 percent to $99.5 million.
Analysts on average were expecting the company earn 12 cents a share, excluding items, according to Reuters Estimates.
Shares of the 157-year old company were slightly up at 5.84 in trading after the bell. The stock closed at $5.75 Monday on Nasdaq.
(Reporting by Vidya Lakshmi in Bangalore; Editing by Jarshad Kakkrakandy)