Why Ruger (RGR) Shares Are Falling Today
What Happened? Shares of american firearm manufacturing company Ruger (NYSE:RGR) fell 12.8% in the morning session after its third-quarter financial results showed a significant miss on profit expectations, even as revenue slightly beat Wall Street's estimates. The company reported adjusted earnings per share of 0.28 per share earned in the same period a year ago. While net sales grew 3.7% year-over-year to $126.8 million, this po ...