Rogers Q1 2024 Adj EPS $0.58 Beats $0.55 Estimate, Sales $213.400M Beat $210.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rogers (NYSE:ROG) reported Q1 2024 earnings of $0.58 per share, surpassing the $0.55 estimate, with sales of $213.4M also beating the $210M forecast. However, this represents a 33.33% decrease in earnings and a 12.49% decrease in sales from the same period last year.
April 25, 2024 | 8:29 pm
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Rogers reported Q1 2024 earnings of $0.58 per share, exceeding estimates, and sales of $213.4M, also above forecasts. Despite beating expectations, there's a significant year-over-year decline in both earnings and sales.
While Rogers' earnings and sales for Q1 2024 have surpassed analyst expectations, the significant decrease in both earnings and sales compared to the previous year could temper investor enthusiasm. The positive beat on estimates might provide short-term support to the stock price, but the year-over-year decline highlights potential challenges in the company's performance. This mixed outcome suggests a neutral short-term impact on the stock price, as the beat could encourage some investors while the decline might concern others.
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