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Stock Market & Financial Investment News

News Breaks
December 3, 2012
11:44 EDTSWHC, RGRFBI reports over 2M November firearm background checks
The Federal Bureau of Investigation reported 2,006,919 total background checks performed in November via the National Instant Criminal Background Checks System, or NICS, according to data published on its website. This compares to 1,534,414 checks in November 2011. The NICS is used by Federal Firearms Licensees to instantly determine whether a prospective buyer is eligible to purchase firearms or explosives, the FBI notes on its site. Shares of publicly-traded gun makers are off their earlier lows, with Smith & Wesson (SWHC) up 7c, or 0.66%, to $10.67 in late morning trading after being in negative territory earlier in the session. Sturm, Ruger & Company (RGR) shares are down 32c, or 0.55%, to $58.27 after falling as low as $56.67 in earlier trading. Reference Link
News For SWHC;RGR From The Last 14 Days
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July 29, 2014
17:27 EDTRGRSturm, Ruger declares quarterly dividend of 45c per share
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17:26 EDTRGRSturm, Ruger raises share repurchase authorization to $100M from $25M
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17:23 EDTRGRSturm, Ruger reports Q2 EPS $1.12, consensus $1.23
Reports Q2 revenue $153.7M, consensus $168.73M. CEO Michael O. Fifer made the following observations related to the company’s Q2 performance, "Our sales decreased 14% from the 2Q13 due to a reduction in demand for firearms and accessories. Our earnings decreased 31% and our EBITDA decreased 25%, from 2Q13. The main drivers of the reduced operating margins were the reduced sales volume, a product mix shift away from unusually strong sales of higher-margin firearms accessories last year, and increased depreciation expense. New products represented $57.1M or 18% of firearm sales in the first half of 2014."
July 28, 2014
12:35 EDTSWHCSmith & Wesson announces $2M settlement agreement with SEC
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11:14 EDTSWHCSmith & Wesson to pay $2M to settle SEC charges
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