From The Motley Fool · Anders Bylund · · 40s
Rogers Stock Jumps 13% Before Sliding
Rogers stock surged 13% at open before cooling to 3.8% gain as Q3 earnings beat expectations.
In brief
Rogers stock surged 13% at open before cooling to 3.8% gain as Q3 earnings beat expectations. Rogers stock rose 13% at open after reporting Q3 earnings beat Wall Street's $1.19 per share target, but later slid to a 3.8% gain. Originally reported by The Motley Fool.
Q3 Earnings Beat
Rogers reported Q3 earnings of $1.39 per share, a 54% year-over-year jump, exceeding Wall Street's $1.19 target.
Stock Opens 13% Higher
Rogers stock opened Wednesday's trading 13% higher before sliding to a 3.8% gain by 10:45 a.m. ET.
Q4 Guidance
Rogers expects Q4 earnings between $0.90 and $1.10 per share, matching Wall Street's $0.90 target.
The key point
Rogers stock rose 13% at open after reporting Q3 earnings beat Wall Street's $1.19 per share target, but later slid to a 3.8% gain.
