Rogers Q4 Profit Down

(RTTNews) - Rogers Corp. (ROG) Tuesday reported fourth-quarter net income of $7.0 million or $0.37 per share, down from $11.5 million or $0.66 per share last year.

Adjusted earnings for the quarter rose to $0.89 per share from $0.81 per share last year

Net sales rose to $147.7 million from $136.2 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.72 per share on revenues of $150 million for the quarter.

Looking forward to the first quarter, the company expects net sales to be between $148 million and $153 million and net income between $0.67 and $0.75 per share. Analysts currently estimate earnings of $0.73 per share on revenues of $157.5 million for the quarter.