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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:47 EDTROGRogers lowers Q4 non-GAAP EPS view to 52c-58c from 69c-79c
Lowers Q4 revenue view to $124M from $129M-$135M. Consensus is for Q4 EPS 76c and for revenue $133.13M.
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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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