Rofin-Sinar Technologies, Inc. (RSTI) Tops Q3 EPS by 1c; Guides Q4 Below Views; Approves $20M Buyback

August 2, 2012 9:22 AM EDT
Rofin-Sinar Technologies, Inc. (NASDAQ: RSTI) reported Q3 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $131.7 million versus the consensus estimate of $132.83 million.

Rofin-Sinar Technologies, Inc. sees Q4 2012 EPS of $0.25-$0.28, versus the consensus of $0.44. Rofin-Sinar Technologies, Inc. sees Q4 2012 revenue of $125-$130 million, versus the consensus of $157.7 million.

The Board of Directors yesterday authorized the Company to initiate a share buyback of up to $20.0 million of the Company's Common Stock over the next twelve months ending August 10, 2013, subject to market conditions. The shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the Company's discretion.

For earnings history and earnings-related data on Rofin-Sinar Technologies, Inc. (RSTI) click here.

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