Sturm Ruger & Co. Earnings: Here’s Why Investors are Excited Now
Sturm, Ruger & Co. Inc. (NYSE:RGR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.69%.
Sturm, Ruger & Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.58% to $1.00 in the quarter versus EPS of $0.79 in the year-earlier quarter.
Revenue: Rose 52.05% to $141.77 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sturm, Ruger & Co. Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.94. It beat the average revenue estimate of $124 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…