Sturm Ruger & Co Inc (RGR) reported a decline in profits for the second quarter compared to the same period last year, falling short of Wall Street expectations.
The company posted earnings of $8.264 million, or $0.47 per share, in contrast to $16.185 million, or $0.91 per share, in the second quarter of the previous year.
According to Thomson Reuters, analysts had projected earnings of $0.76 per share for the quarter, excluding special items.
Revenue for the quarter dropped by 8.4% to $130.761 million from $142.804 million in the same period last year.
Summary of Sturm Ruger & Co Inc Earnings (GAAP) for Q2:
- Earnings: $8.264 million vs. $16.185 million last year.
- EPS: $0.47 vs. $0.91 last year.
- Revenue: $130.761 million vs. $142.804 million last year.
