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July 31, 2019, 5:22 p.m. EDT

Gun maker Sturm Ruger stock falls after revenue slides

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By Max A. Cherney

Sturm, Ruger & Co. Inc. /zigman2/quotes/200036418/composite RGR -0.87% shares fell 8.4% in the extended session Wednesday after the company reported declining year-over-year sales for the second quarter. The gun maker reported second-quarter net income of $6.2 million, or 35 cents a share, compared with $15.2 million, or 86 cents a share, in the year-ago period. Revenue fell to $96.3 million from $128.4 million in the year-ago period. According to FactSet, no analysts cover the company. Sturm Ruger stock has gained 6% this year, with the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.18% rising 20.2%.

/zigman2/quotes/200036418/composite
US : U.S.: NYSE
$ 51.11
-0.45 -0.87%
Volume: 71,657
Feb. 14, 2020 6:30p
P/E Ratio
24.76
Dividend Yield
1.60%
Market Cap
$893.66 million
Rev. per Employee
$270,839
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.16
+6.22 +0.18%
Volume: 1.67B
Feb. 14, 2020 5:06p
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