Sturm Ruger Slumps After Gunmaker's Miss on Profit, Sales
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Sturm, Ruger & Co., the largest publicly traded U.S. firearms maker, fell the most in 15 months after offering promotions that led to profit and sales missing analysts’ estimates.
Third-quarter earnings of 62 cents a share were less than the 70-cent average of analysts’ estimates compiled by Bloomberg. Revenue of $120.9 million also trailed the average projection of $122 million.