Revenue Update on NN(NASDAQ:NNBR)

NN(NASDAQ:NNBR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $214.27M. Analysts estimated a revenue of $223.14M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.46.

NN (NNBR) shares turned negative on Fridays trading session with the shares closing down -0.41 points or -2.43% at a volume of 1,02,165. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.83. The peak price level was also seen at $16.83 while the days lowest was $16.39. Finally the shares closed at $16.46. The 52-week high of the shares is $27.9525 while the 52-week low is $10.34. According to the latest information available, the market cap of the company is $446 M.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Steven T Warshaw (director) sold 1,000 shares at $18.49 per share price.Also, 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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