NN: Q2 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — NN Inc. (NNBR) on Wednesday reported a loss of $2.2 million in its second quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The industrial parts maker posted revenue of $123 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $123.6 million.
NN expects full-year revenue in the range of $465 million to $485 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NNBR at https://www.zacks.com/ap/NNBR