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Neuberger Berman increases stake in Rogers Corporation, which beat earnings expectations.
Neuberger Berman Group LLC increased its stake in electronics maker Rogers Corporation (NYSE: ROG) by 35.6%, now holding 972,623 shares worth about $98.8 million.
Rogers reported earnings of $0.46 per share for the quarter, beating analysts' expectations by $0.03, with revenue of $192.2 million, matching projections.
The company's stock has a market cap of $1.15 billion and trades at a P/E ratio of 43.87.
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Neuberger Berman aumenta la participación en Rogers Corporation, lo que supera las expectativas de ganancias.