11:23 AM EDT, 04/26/2024 (MT Newswires) -- Rogers (ROG) shares were rising past 11% in recent Friday trading after the company reported Q1 results that came in ahead of analyst estimates in the previous day.

The company reported Q1 adjusted earnings of $0.58 per diluted share, down from $0.87 a year earlier.

Two analysts polled by Capital IQ expected $0.55.

Net sales for the quarter ended March 31 were $213.4 million, down from $243.8 million a year earlier.

Two analysts surveyed by Capital IQ expected $210 million.

Rogers said it expects Q2 adjusted EPS of between $0.50 and $0.70 and net sales of $210 million to $220 million.

Two analysts polled by Capital IQ expect $0.71 and $216.2 million, respectively.

Price: 122.15, Change: +12.61, Percent Change: +11.51