NN reports Q2 non-GAAP EPS of $0.11 and revenue of $128.7M, beating estimates and lifting guidance.
NN posted second-quarter non-GAAP earnings per share of $0.11, exceeding estimates by $0.10, as revenue rose 19.3% year-over-year to $128.7M. The result surpassed revenue expectations by $12.61M.
Analysts had anticipated revenue of $12.61M below the reported figure, while earnings also outperformed consensus. The company’s year-over-year growth reflects stronger demand across key segments.
NN revised its full-year net sales guidance upward, now projecting a range of $460 to $470 million, compared with a prior consensus of $464.87M. The updated outlook implies 10% annual growth.