SPRINGFIELD, Mass. (AP) _ Smith & Wesson Brands, Inc. (SWBI) on Thursday reported fiscal first-quarter net income of $48.4 million, after reporting a loss in the same period a year earlier.

The Springfield, Massachusetts-based company said it had net income of 86 cents per share. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.

The firearm maker posted revenue of $278 million in the period.

Smith & Wesson shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.82, more than tripling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWBI at https://www.zacks.com/ap/SWBI

Automated Insights, source Associated Press News