Sturm Ruger & Company Inc (NYSE:RGR) reported its latest quarterly earnings results after the bell Tuesday.

The company missed the mark by a wide margin as it brought in earnings of $9.37 million, or 53 cents per share during its third quarter of fiscal 2017, falling below the year-ago figure of $19.85 million, or $1.03 per share. Analysts were calling for earnings 84 cents per share.

Additionally, Strum Ruger & Company’s revenue disappointed at $104.82 million, marking a 35.1% decline from the $161.43 million of the year-ago third quarter. The Wall Street consensus estimate predicted sales of $134.25 million.

Sales of the company’s new products such as the Mark IV pistols, the LCP II pistol and the Precision Rifle amounted to $118.8 million, or roughly 30% of firearm sales during the first nine months of 2017. New products sales only include items that were released to the public in the past two years.

Sturm Ruger & Company face back $85 million to its shareholders by shelling out $20 million worth of dividends, as well as the repurchase of 1.3 million shares of common stock in the market at an average price of $49.10 per share, amounting to $65 million.

Over the course of the first nine months of 2017, cash generated from operations totaled $59 million. As of Sept. 30, 2017 — when the quarter ended — Storm Ruger & Company’s cash total came at $45 million.

The company’s current ratio is 2.8 to 1 and it has no debt.

RGR shares fell 1% during regular trading hours before slipping a further 8.7% after the bell Tuesday.