Sturm, Ruger & Company Posts Lower Net Income In Q1
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Sturm, Ruger & Company, Inc. (RGR) reported a significant decline in net income for Q1, posting $0.128 million ($0.01 per share) compared to $7.8 million ($0.46 per share) in the same quarter last year. Adjusted earnings were $0.27 per share, down from $0.46. Total net sales rose to $141.4 million from $135.7 million. In after-hours trading, RGR shares fell 3.73% to $39.00 on the NYSE.
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