Why Rogers Stock Is Plummeting Today
Leading up to the company's second-quarter 2021 earnings presentation, shares of Rogers (NYSE: ROG), a global leader in specialty materials and components, were doing just fine, climbing about 5%. The climb, however, came to a screeching halt today, giving back the stock's gain during the week -- and then some. Reporting $234.9 million on the top line for Q2 2021, Rogers met the guidance that it had provided during its Q1 2021 earnings presentation, yet investors are probably not wholly satisfied since it fell short of meeting analysts' estimate of $235.7 million.
