Rogers Corp Posts Q3 Adjusted EPS of $1.39
ROG sits 78% above its 52-week low of $75.14.
Summary
Rogers Corp reported third-quarter adjusted EPS of $1.39, compared with $0.92 in the prior quarter, when adjusted EPS missed consensus by 7% and revenue rose 6.9% to $216.8M. The sequential jump in adjusted EPS is the key number here — it suggests the margin recovery that was starting to show in Q2 carried into Q3. Third-quarter sales were $236.1M and net income was $22.6M, and EPS was $1.26, a separate measure from the adjusted figure.
At the time of this announcement, ROG was trading at $134.12 on NYSE in the Technology sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $75.14 to $169.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.