NN (NNBR) Releases Earnings Results, Reports EPS of $0.46 EPS

NN (NNBR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.46 EPS for the quarter. Analysts had a consensus estimate of $0.46. The company posted revenue of $214.30 million in the period, compared to analysts expectations of $222.97 million. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

NN closed down -0.64 points or -3.85% at $15.97 with 1,41,756 shares getting traded on Tusday. Post opening the session at $16.78, the shares hit an intraday low of $15.95 and an intraday high of $16.78 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 22, 2016, Steven T Warshaw (director) sold 1,000 shares at $18.49 per share price. According to the SEC, on Mar 14, 2016, G Ronald Morris (director) purchased 10,000 shares at $11.77 per share price. On Dec 1, 2015, David L Pugh (director) purchased 46,580 shares at $17.02 per share price, according to the Form-4 filing with the securities and exchange commission.

NN Inc. is an industrial company and a global manufacturer of metal bearing plastic rubber and precision metal components. The Company has three operating segments the Metal Bearing Components Segment the Plastic and Rubber Components Segment and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States Western Europe Eastern Europe South America and China. The Metal Bearing Components segment manufactures and supplies bearing components consisting of balls cylindrical rollers tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered close tolerance precision-machined metal components and subassemblies.


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