Investor Alert

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

Gun maker Sturm Ruger stock falls after revenue slides

Sturm, Ruger & Co. Inc. (NYS:RGR) 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 (S&P:SPX) rising 20.2%.

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