Sturm Ruger & Co Inc (RGR) announced a profit for its third quarter that increased compared to the same period last year.
The company said its bottom line totaled $11.96 million, or $0.62 per share. This was higher than $6.78 million, or $0.34 per share, in last year's third quarter.
Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 22.9% to $120.87 million. This was up from $98.33 million last year.
Sturm Ruger & Co Inc earnings at a glance:
-Earnings (Q3): $11.96 Mln. vs. $6.78 Mln. last year.
-Earnings Growth (Y-o-Y): 76.4%
-EPS (Q3): $0.62 vs. $0.34 last year.
-EPS Growth (Y-o-Y): 82.4%
-Analysts Estimate: $0.70
-Revenue (Q3): $120.87 Mln vs. $98.33 Mln last year.
-Revenue Change (Y-o-Y): 22.9%
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