Previous close | 1.6000 |
Open | 1.6000 |
Bid | 1.8500 |
Ask | 2.3000 |
Strike | 45.00 |
Expiry date | 2024-05-17 |
Day's range | 1.6000 - 2.3500 |
Contract range | N/A |
Volume | |
Open interest | 2.06k |
Sturm Ruger is slashing its workforce because of weakness in the gun market, but the company still needs more help in manufacturing. The company cut about 80 jobs in the first quarter, meant to boost profits as gun sales fall and margins slip. "Despite the reduction in force, we have the 'help wanted' sign out for direct labor to build guns," CEO Christopher Killoy says.
Comprehensive Analysis of Sturm Ruger's Q1 2024 Financial Performance
American firearm manufacturing company Ruger (NYSE:RGR) missed analysts' expectations in Q1 CY2024, with revenue down 8.5% year on year to $136.8 million. It made a GAAP profit of $0.40 per share, down from its profit of $0.81 per share in the same quarter last year.