Rogers Corp.: 3Q Earnings Snapshot
CHANDLER, Ariz. (AP) _ Rogers Corp. (ROG) on Wednesday reported third-quarter earnings of $23.4 million.
The Chandler, Arizona-based company said it had net income of $1.25 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.51 per share.
The specialty materials company posted revenue of $221.8 million in the period.
For the current quarter ending in December, Rogers Corp. expects its per-share earnings to range from $1 to $1.15. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.44.
The company said it expects revenue in the range of $200 million to $210 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $233.9 million.
Rogers Corp. shares have climbed 51% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $149.81, a climb of 22% in the last 12 months.