Revenue Update on Rofin-Sinar Technologies(NASDAQ:RSTI)

Rofin-Sinar Technologies(NASDAQ:RSTI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $125.94M. Analysts estimated a revenue of $130.90M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.37.

Rofin-Sinar Technologies (RSTI) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.06% at a volume of 31,298. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.05. The peak price level was also seen at $32.05 while the days lowest was $31.93. Finally the shares closed at $32.01. The 52-week high of the shares is $32.5 while the 52-week low is $19.02. According to the latest information available, the market cap of the company is $910 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Thomas Merk (President & CEO) sold 50,000 shares at $28.10 per share price.Also, 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).

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