Sturm Ruger revenue jumps on new guns

April 29 Mon Apr 29, 2013 5:22pm EDT

April 29 (Reuters) - Gunmaker Sturm Ruger & Co Inc reported a 38.5 percent jump in first-quarter revenue, helped by launch of LC380 and SR45 pistols.

Net income rose to $23.7 million, or $1.20 per share, in the quarter ended March 30, from $15.5 million, or 79 cents per share, a year ago.

Revenue rose to $155.9 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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