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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 -0.67% 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 +0.03% rising 20.2%.

/zigman2/quotes/200036418/composite
US : U.S.: NYSE
$ 43.08
-0.29 -0.67%
Volume: 112,306
Sept. 18, 2019 6:30p
P/E Ratio
18.64
Dividend Yield
2.14%
Market Cap
$758.32 million
Rev. per Employee
$270,839
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/zigman2/quotes/210599714/realtime
US : S&P US
3,006.73
+1.03 +0.03%
Volume: 1.71B
Sept. 18, 2019 5:35p
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