Southport gun maker Sturm, Ruger & Co. Inc. posted lower second-quarter sales and earnings from a year earlier despite strong demand for its newest weapons.
Sturm Ruger earned $8.2 million, or 43 cents a share, in the three months ended June 30, down from $8.7 million, or 46 cents a share, the same quarter last year.
Sales dropped to $64.4 million in the latest quarter from $72.4 million a year ago.
