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Rogers Corp.: 2Q Earnings Snapshot

CHANDLER, Ariz. — Rogers Corp. (ROG) on Thursday reported second-quarter net income of $14.5 million.

On a per-share basis, the Chandler, Arizona-based company said it had net income of 78 cents. Earnings, adjusted for one-time gains and costs, were $1.13 per share.

The specialty materials company posted revenue of $191.2 million in the period.

For the current quarter ending in October, Rogers Corp. expects its per-share earnings to range from 90 cents to $1.10. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.18.

The company said it expects revenue in the range of $175 million to $190 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $209.6 million.

Rogers Corp. shares have increased nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $133.23, a decline of 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROG at https://www.zacks.com/ap/ROG

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