Rofin-Sinar Technologies (RSTI) Tops Q1 EPS by 2c

Rofin-Sinar Technologies (NASDAQ: RSTI) reported Q1 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $112.46 million versus the consensus estimate of $116.58 million.

Order entry for the quarter decreased by 21% to $96.9 million compared to the first quarter of fiscal year 2015, resulting in a backlog of $128.7 million as of December 31, 2015, mainly for laser products. The decrease in order entry was the result of adverse currency movements, which had a negative $18 million impact, and de-bookings in anticipation of cancellations by two Chinese customers because of increased economic uncertainty in China, which had a negative impact of approximately $12 million. The book-to-bill ratio for the quarter was 0.86.

GUIDANCE:

Rofin-Sinar Technologies sees Q2 2016 EPS of $0.20-$0.26, versus the consensus of $0.41. Rofin-Sinar Technologies sees Q2 2016 revenue of $115-121 million, versus the consensus of $129.8 million.

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

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