Rogers lowers earnings forecast
7:20 AM Tue, Jan 13, 2009 | Permalink
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Rogers Corp., based in Rogers, Conn, today revised guidance for the fourth quarter that ended Dec. 31. Rogers (ROG:NYSE) now projects fourth quarter net sales of $78 to $79 million compared to the Oct. 31 guidance report of $88 to $92 million. Earnings per diluted share for the fourth uarter, including approximately $0.38 per diluted share of charges associated with the previously announced legal settlement, are now projected to be $0.05 to $0.11. Excluding the approximate $0.38 charge, earnings per diluted share are expected to be $0.43 to $0.49 versus the previous guidance of $0.50 to $0.56 per diluted share. 
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