Rofin-Sinar Technologies Q1 Profit Declines; Yet Meets Estimate

(RTTNews) - Rofin-Sinar Technologies Inc.(RSTI) posted first-quarter net income attributable to the company of $2.21 million or $0.08 per share, compared to $8.90 million or $0.32 per share in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.08 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $121.19 million from $142.23 million in the year ago period, while four analysts expected revenues of $125.68 million for the quarter.

For the second quarter ending March 31, 2014, the company expects earnings per share to be in the range of $0.08 to $0.12 and revenues to be in the range of $123 million to $128 million. Analysts currently expect second quarter earnings of $0.26 per share on revenues of $135.70 million.