WASHINGTON (dpa-AFX) - Sturm Ruger & Co Inc (RGR) announced earnings for its second quarter that gained ground from last year.
The company said its bottom line advanced to $23.52 million, or $1.22 per share. This was up from $17.56 million, or $0.91 per share, in last year's second quarter.
Analysts had expected the company to earn $1.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 19.2% to $167.94 million. This was up from $140.87 million last year.
Sturm Ruger & Co Inc earnings at a glance:
-Earnings (Q2): $23.52 Mln. vs. $17.56 Mln. last year. -Earnings Growth (Y-o-Y): 33.9% -EPS (Q2): $1.22 vs. $0.91 last year. -EPS Growth (Y-o-Y): 34.1% -Analysts Estimate: $1.15 -Revenue (Q2): $167.94 Mln vs. $140.87 Mln last year. -Revenue Change (Y-o-Y): 19.2%
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