Sturm, Ruger & Company (NYSE: RGR) released its Q2
results after market close on Tuesday. Earnings per share came in above Wall Street consensus expectations.
Sturm & Ruger reported EPS of $1.22 and revenues of $167.9 million. Analyst consensus had an EPS estimate of $1.15 and revenues
of $164 million.
New products, including the American Pistol, the Precision Rifle, the AR-556 modern sporting rifle, and the LC9s pistol,
represented $53 million or 33 percent of firearm sales in the second quarter of 2016.
At time of writing, Sturm, Ruger traded at $69.75 in Tuesday's after-hours session, up 0.62 percent.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.