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Ruger's Profits Drop After Presidential Election

Ruger's Profits Drop After Presidential Election

The fickle nature of firearms sales and its effect on stock trading was on full display again Monday. Sturm, Ruger & Co. Inc. reported after the market closed a 4.5 percent decrease in first-quarter net income to $22.2 million, along with a 3.3 percent drop in net sales to $167.3 million. Yet, Ruger’s diluted earnings were unchanged from a year ago at $1.21 a share — exceeding analysts’ projections by 23 cents.