Key Developments For Rofin-Sinar Technologies Inc
Rofin-Sinar Technologies Inc (RSTI.O) (Nasdaq)
Rofin-Sinar Technologies, Inc. Issues Q1 2010 Revenue Guidance Below Analysts' Estimates; Issues FY 2010 Guidance Above Analysts' Estimates-Conference Call
Rofin-Sinar Technologies, Inc. announced that for first quarter of 2010, it expects revenue to be nearly $85 million. For fiscal 2010, it expects revenue to be in the range of $375-385 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $88 million for first quarter of 2010 and revenue of $371 million for fiscal 2010.
Rofin-Sinar Technologies, Inc. Issues Q2 2009 Revenue Guidance Below Analysts' Estimates-Conference Call
Rofin-Sinar Technologies, Inc. announced that for the second quarter of 2009, it expects revenue to be around $90 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $95 million for the second quarter of 2009.
Rofin-Sinar Technologies, Inc. Lowers Q1 2009 Revenue Guidance
Rofin-Sinar Technologies, Inc. announced that sales for the first quarter 2009 are expected to be in the range of $100-$105 million. This is below the Company's previously announced first quarter 2009 sales of $120-$125 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $120 million for the first quarter of 2009.
Rofin-Sinar Technologies, Inc. Issues Q1, FY 2009 Outlook; Revenue Outlook Below Analysts' Estimates-Conference Call
Rofin-Sinar Technologies, Inc. announced that for the first quarter of 2009, it expects revenue to range from $120 to $125 million, gross profit to be in the range of 41% to 43% of net sales and income before income taxes and minority interest between 14% and 16% of net sales. For fiscal 2009, the Company expects revenues to be in the range of $500 to $520 million, gross profit to be in the range of 41% to 43% of net sales and income before income taxes and minority interest in the range of 15% to 16% of net sales. According to Reuters Estimates, analysts were expecting the Company to report revenue of $137 million for the first quarter of 2009; revenue of $591 million for fiscal 2009.
Rofin-Sinar Technologies, Inc. Announces Nanjing Eastern Laser Company Ltd. Acquisition
Rofin-Sinar Technologies, Inc. announced that it will acquire 80% of the share capital of China-based Nanjing Eastern Laser Company Ltd. (NELC) in two separate transactions. In one transaction, which was processed through a Chinese equity transfer center's formal bidding process, the Company will acquire 35.2% of NELC's share capital from Nanjing Sanle Group Co. Ltd. ROFIN-SINAR was the only bidder when the bidding period ended on September 3, 2008. In a second transaction, ROFIN-SINAR acquired an additional 44.8% of the share capital of NELC from SIDA Corporation (USA). Both transactions will be funded with ROFIN-SINAR's existing cash position and are expected to close within 4-6 weeks. Further terms of the acquisition have not been disclosed.
