Smith & Wesson (SWHC) announced that it earned $21.2 million, or 31 cents per share, versus a loss of $1.6 million, or 2 cents per share, in the same period last year due to costs associated with a part of the business it was trying to sell. Revenue increased by 48 percent to $136.6 million from $92.3 million in the same period last year.