Rofin-Sinar Technologies Misses on the Top and Bottom Lines

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Rofin-Sinar Technologies (NAS: RSTI) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Rofin-Sinar Technologies missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share shrank.


Margins dropped across the board.

Revenue details
Rofin-Sinar Technologies reported revenue of $131.1 million. The five analysts polled by S&P Capital IQ looked for sales of $135.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.26. The five earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. GAAP EPS of $0.26 for Q2 were 7.1% lower than the prior-year quarter's $0.28 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 35.7%, 200 basis points worse than the prior-year quarter. Operating margin was 6.6%, 250 basis points worse than the prior-year quarter. Net margin was 5.6%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $138.9 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $551.1 million. The average EPS estimate is $1.25.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,176 members out of 1,201 rating the stock outperform, and 25 members rating it underperform. Among 335 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 333 give Rofin-Sinar Technologies a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rofin-Sinar Technologies is outperform, with an average price target of $25.85.

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The article Rofin-Sinar Technologies Misses on the Top and Bottom Lines originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Rofin-Sinar Technologies. The Motley Fool owns shares of Rofin-Sinar Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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