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June 16, 2014
08:27 EDTROGRogers Corp price target raised to $77 from $69 at DA Davidson
DA Davidson increased its price target on Rogers Corp (ROG) after China Mobile's (CHL) Chairman, Xi Guohua, detailed the company’s 4G progress and aggressive network expansion plans. The firm expects Rogers to be a key beneficiary of the Chinese LTE build out. It reiterates a Buy rating on the shares.
News For ROG From The Last 14 Days
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July 29, 2014
16:13 EDTROGRogers sees Q3 EPS 65c-75c , consensus 86c
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16:12 EDTROGRogers reports Q2 EPS 58c, consensus 56c
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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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