SPRINGFIELD, Mass. (AP) — Smith & Wesson Holding Corp. said Thursday that it expects its first-quarter financial results may top market expectations and it is planning to buy back some of its shares.

The firearms maker said that based on preliminary data, fiscal fourth-quarter sales were up 38 percent over the prior year, to $179 million. The company expects to report earnings from continuing operations of 44 cents per share, versus 27 cents per share in the same quarter last year.