Rofin-Sinar Technologies (RSTI) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $0.25. The company posted revenue of $110.60 million in the period, compared to analysts expectations of $119.03 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Rofin-Sinar Technologies. Rofin-Sinar Technologies was Downgraded by Northcoast to ” Neutral” on Mar 21, 2016.
Rofin-Sinar Technologies opened for trading at $31.79 and hit $32.025 on the upside on Friday, eventually ending the session at $31.95, with a gain of 0.60% or 0.19 points. The heightened volatility saw the trading volume jump to 1,07,853 shares. Company has a market cap of $911 M.
In a different news, on Dec 2, 2015, Thomas Merk (President & CEO) sold 50,000 shares at $28.10 per share price. According to the SEC, on Dec 2, 2015, Ulrich Hefter (CTO) sold 40,000 shares at $29.01 per share price. On Dec 2, 2015, Carl F Baasel (director) sold 25,000 shares at $28.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Rofin-Sinar Technologies Inc. is engaged in the designing development engineering manufacturing and marketing of laser-based products used for cutting welding and marking a range of materials. The Company offers a range of laser products and related services for three material processing applications: cutting welding and surface treatment (macro applications); marking and fine cutting fine welding micro drilling and micro structuring (micro applications). The Company provides a range of laser sources and laser-based system solutions to the following principal target markets: the machine tool automotive semiconductor electronics and photovoltaic industries. Its product categories include Laser macro products Laser marking products Laser micro products and Components. The products are sold directly to end-users and to original equipment manufacturers (OEMs).