Rogers Q2 2024 Adj EPS $0.69 Beats $0.60 Estimate, Sales $214.200M Miss $216.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rogers (NYSE:ROG) reported Q2 2024 adjusted EPS of $0.69, beating the analyst estimate of $0.60. However, sales of $214.2 million missed the $216.15 million estimate and were down 7.2% year-over-year.
July 25, 2024 | 8:21 pm
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Rogers reported Q2 2024 adjusted EPS of $0.69, beating the analyst estimate of $0.60 by 15%. However, sales of $214.2 million missed the $216.15 million estimate and were down 7.2% year-over-year.
The beat on EPS is a positive sign, but the miss on sales and the year-over-year decline in revenue could offset the positive sentiment. This mixed result is likely to result in a neutral short-term impact on the stock price.
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