WASHINGTON (dpa-AFX) - Firearms maker Sturm, Ruger & Company, Inc. (RGR) Monday reported first-quarter net income of $15.5 million or $0.81 per share, down from $24.3 million or $1.22 per share last year.
Total net sales for the quarter dropped to $136.95 million from $169.88 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenue of $117.47 million for the quarter. Analysts' estimates typically exclude special items.
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