Rogers Posts Higher Q3 Profit

(RTTNews) - Rogers Corp. (ROG) reported net income for the third quarter of $20.4 million or $1.09 per share, compared to $13.6 million or $0.76 per share for th year-ago quarter.

Net sales for the third quarter rose to a record $163.05 million from $142.82 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.72 per share on revenue of $156.50 million for the third quarter.

Looking forward to the fourth quarter, the company forecasts net sales of $147 million to $154 million, earnings from continuing operations of $0.47 to $0.59 per share and adjusted income from continuing operations of $0.64 to $0.76 per share. Analysts currently expect the company to earn $0.72 per share on revenue of $149.20 million for the fourth quarter.