Sturm Ruger & Co. Earnings: Here’s Why Investors are Happy 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 5.66%.
Sturm, Ruger & Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 79.12% to $1.63 in the quarter versus EPS of $0.91 in the year-earlier quarter.
Revenue: Rose 50.12% to $179.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sturm, Ruger & Co. Inc. reported adjusted EPS income of $1.63 per share. By that measure, the company beat the mean analyst estimate of $1.18. It beat the average revenue estimate of $154.7 million.
Key Stats (on next page)…