Rofin-Sinar Technologies (RSTI) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Rofin-Sinar Technologies (NASDAQ:RSTI) posted its quarterly earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.04, Analyst Ratings Network.com reports. The company had revenue of $128.59 million for the quarter, compared to the consensus estimate of $126.73 million. During the same quarter last year, the company posted $0.26 earnings per share. Rofin-Sinar Technologies’s revenue was down 2.0% compared to the same quarter last year. Rofin-Sinar Technologies updated its Q3 guidance to $0.20-0.24 EPS.
On the ratings front, analysts at Longbow Research downgraded shares of Rofin-Sinar Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, February 7th.
Rofin-Sinar Technologies (NASDAQ:RSTI) traded up 7.84% on Thursday, hitting $23.80. The stock had a trading volume of 16,120 shares. Rofin-Sinar Technologies has a 52 week low of $21.01 and a 52 week high of $27.76. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $24.25. The company has a market cap of $670.5 million and a price-to-earnings ratio of 22.50.
Rofin-Sinar Technologies Inc(NASDAQ:RSTI) is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials.
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