NN: 3Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ NN Inc. (NNBR) on Wednesday reported a third-quarter loss of $13.8 million, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
NN: 2Q Earnings Snapshot
JOHNSON CITY, Tenn. (AP) _ NN Inc. (NNBR) on Wednesday reported a loss of $24.5 million in its second quarter.
On a per-share basis, the Johnson City, Tennessee-based company said it had a loss of 89 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 38 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.
Advance manufacturer NN moving global HQ from Tenn. to NC
RALEIGH, N.C. (AP) — A manufacturer of high-precision components for aerospace, defense, automotive and other industries is moving its corporate headquarters from Tennessee to North Carolina.
NN Inc. said Friday it will move its global headquarters to Charlotte, creating 200 jobs over five years. State records show that the jobs will pay an average of almost $140,000 and the company will get up to $3.4 million in tax breaks and training assistance over 12 years.