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Stock Market & Financial Investment News

News Breaks
January 14, 2013
07:50 EDTROGRogers Corp downgraded to Neutral from Buy at DA Davidson
DA Davidson downgraded Rogers Corp. based on valuation. Price target $54.
News For ROG From The Last 14 Days
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July 17, 2014
16:08 EDTROGRogers Corp lowers Q2 EPS view to 55c-58c from 68c-76c, consensus 74c
Raises Q2 revenue from continuing operations guidance to $153.5M from $143M-$148M, consensus $146M. These revised unaudited earnings estimates are primarily the result of increased selling, general and administrative expenses of approximately $6M-$7M and a higher than anticipated effective tax rate. The increase in SG&A expenses was driven by incentive compensation accruals and unusually high spending on internal process improvement projects, business development investments, CFO transition expenses, and other severance costs. The higher effective tax rate was the result of a change in the geographic profit mix to higher tax rate jurisdictions.

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