Rogers Shares Plunged: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of electronics specialist Rogers (NYSE: ROG  ) fell more than 14% in early trading after management issued disappointing fourth-quarter guidance. The stock closed down 9%.

So what: Third-quarter earnings came in better than hoped. Revenue grew more than 45% to $147.6 million. Profits climbed 54% to $0.85 a share. Analysts were looking for $148.4 million and $0.79 a share, respectively, according to data compiled by Yahoo! Finance.

Now what: Poor guidance torpedoed whatever goodwill Rogers would have enjoyed for good Q3 results. New CEO Bruce Hoechner said that "slowing demand" in wireless infrastructure and weakness in other markets would affect fourth-quarter results. His team now expects to deliver $0.43 to $0.53 in per-share earnings on $131 million to $138 million in revenue, well below the $0.67 and $140.1 million Wall Street had been calling for. Does this miss matter? Would you buy shares of Rogers at current prices? Please weigh in using the comments box below.

Interested in more information about Rogers? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 02, 2011, at 10:49 AM, qweert wrote:

    is ther some type of insider trading going on here. why are the corporate executives selling off a couple weeks before the news release.

  • Report this Comment On November 02, 2011, at 11:14 AM, endgame1 wrote:

    Rogers is a company worth staying with,

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