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Gunmaker’s results, guidance top estimates

Firearm division sales for the period fell 14.7 percent.Julie Jacobson/AP/File 2014

Smith & Wesson Holding Corp. posted third-quarter adjusted earnings of 20 cents per share on revenue of $131 million, handily beating estimates of 11 cents on $123 million, even though total sales fell 10.5 percent from last year’s to $130.6 million. The Springfield gunmaker also gave earnings guidance for the next quarter above Wall Street estimates. For the fourth period, the company expects net sales between $162 million and $166 million and earnings of 24 to 26 cents.