ROGERS, CT -- Rogers Corp. said preliminary results for its second quarter ended June 30 would be up to 12% lower than its April guidance due to a slowdown in China's telecom industry.

Rogers now expects to report net sales of $162 million to $164 million for the quarter, versus its April 29 guidance of $175 million to $185 million.

Non-GAAP net earnings per diluted share are expected to be approximately $0.60 to $0.70, compared to the previous guidance of $0.81 to $0.93 per diluted share. The EPS results exclude integration and other special charges and benefits.

Sales will progressively recover during the second half of 2015, Rogers said.

The company said the revised estimates are primarily the result of a sudden sales decline into the Chinese wireless telecom market. Rogers said it believes that the widely reported government actions in Chinese state-owned telecom enterprises may have temporarily delayed certain projects. Rogers also cited weakness in the portable electronics market.

“We believe the Chinese wireless telecom situation is temporary, although global economic conditions are more challenging to forecast," said CEO and president Bruce D. Hoechner. "We remain confident in our strategy and the company is well positioned to manage through these headwinds. Our outlook for our business remains positive.”

The company plans to release results for the quarter after the close of trading on July 29.

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