Rofin-Sinar Technologies Earnings: Here’s Why Shares are Up Now

Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.26%.

Rofin-Sinar Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.9% to $0.31 in the quarter versus EPS of $0.29 in the year-earlier quarter.

Revenue: Rose 5.65% to $139.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rofin-Sinar Technologies Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $135.25 million.

Quoting Management: “We are pleased to report solid financial results which are above our guidance. We experienced strong sales in the quarter to the machine tool and electronics industries mainly triggered by China, while sales to the semiconductor industry also improved significantly on a sequential basis,” commented Gunther Braun, CEO and President of RSTI. “Order entry in Europe was slower than expected whereas North American and Asian orders marked our best quarter during this fiscal year. The global markets continue to be challenging and the slower pace of GDP growth in China might influence our business in the coming months. However, we believe that our solid backlog, combined with ongoing sales activities and focused efforts in the Asian markets, will help us to deliver reasonable fourth quarter results.”

Key Stats (on next page)…

Revenue increased 6.06% from $131.15 million in the previous quarter. EPS increased 19.23% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.38 to a profit $0.42. For the current year, the average estimate has moved down from a profit of $1.34 to a profit of $1.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)