WASHINGTON (dpa-AFX) - Sturm Ruger & Co Inc (RGR) announced a profit for its first quarter that rose from last year.
The company said its bottom line rose to $23.28 million, or $1.21 per share. This was higher than $15.50 million, or $0.81 per share, in last year's first quarter.
Analysts had expected the company to earn $0.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 26.4% to $173.11 million. This was up from $136.95 million last year.
Sturm Ruger & Co Inc earnings at a glance:
-Earnings (Q1): $23.28 Mln. vs. $15.50 Mln. last year. -Earnings Growth (Y-o-Y): 50.2% -EPS (Q1): $1.21 vs. $0.81 last year. -EPS Growth (Y-o-Y): 49.4% -Analysts Estimate: $0.96 -Revenue (Q1): $173.11 Mln vs. $136.95 Mln last year. -Revenue Change (Y-o-Y): 26.4%
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