More on Rofin-Sinar's FQ1: The company blames its shortfall on Europe's macro issues and China's...

|About: Rofin-Sinar Technologies, Inc. (RSTI)|By:, SA News Editor

More on Rofin-Sinar's FQ1: The company blames its shortfall on Europe's macro issues and China's inflation-fighting efforts, and says demand was especially soft for lasers used in machine tooling and electronics manufacturing. Book-to-bill was a mere 0.93. It expects FQ2 revenue of $130M-$135M and EPS of $0.27-$0.30, below a consensus of $142M and $0.37. RSTI -8.1%. (PR)