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Rogers Corporation (NYSE:ROG) shares were trading higher Friday after the company reported better-than-expected third-quarter EPS and sales results.
The company also issued fourth-quarter EPS and sales guidance above analyst estimates.
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Rogers Corp. designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers.
The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications.
The firm generates revenue primarily in the United States, China and Germany, but has a presence around the world.
Rogers shares were trading up 19.21% at $122.76 at last check Friday. The stock has a 52-week high of $152.77 and a 52-week low of $75.72.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.