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Sturm Ruger Tumbles as Waning Gun Demand Hurts Profit

Sturm, Ruger & Co. shares fell the most in five months after reporting a drop in second-quarter earnings, missing analysts’ estimates as demand for guns wanes.

The largest publicly traded U.S. firearms maker said earnings per share fell 31 percent to $1.12 in the three months ending June 28, compared with projections of $1.23 a share. Sales fell 14 percent to $153.7 million, lagging forecasts.