WASHINGTON (dpa-AFX) - Sturm Ruger & Co Inc (RGR) released earnings for first quarter that fell from last year.
The company's earnings totaled $14.26 million, or $0.81 per share. This compares with $22.22 million, or $1.21 per share, in last year's first quarter.
Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 21.6% to $131.16 million from $167.36 million last year.
Sturm Ruger & Co Inc earnings at a glance:
-Earnings (Q1): $14.26 Mln. vs. $22.22 Mln. last year. -EPS (Q1): $0.81 vs. $1.21 last year. -Analysts Estimate: $0.80 -Revenue (Q1): $131.16 Mln vs. $167.36 Mln last year.
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