NN, Inc. (NNBR) Misses Q3 EPS by 7c, Revenues Miss

NN, Inc. (NASDAQ: NNBR) reported Q3 EPS of $0.30, $0.07 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $205.7 million versus the consensus estimate of $210.3 million.

Richard Holder, President and Chief Executive Officer, commented, "Through our improved business balance amongst end markets that behave in a counter cyclical manner, we delivered improved operating margins compared to last year. However, late in the quarter, our topline was adversely affected by macroeconomic factors primarily tied to tariff and trade concerns and uncertainty primarily in China, as well as an unfavorable foreign exchange and product mix in our Mobile Solutions business."

For earnings history and earnings-related data on NN, Inc. (NNBR) click here.

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