Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of laser manufacturer Rofin-Sinar Technologies
So what: Management cited a "cautious sentiment" among industrial customers in projecting $137 to $142 million in revenue and $0.33 to $0.36 in earnings per share. Analysts had been calling for $0.50 a share of profit on $153.7 million in revenue, according to data compiled by Yahoo! Finance.
Now what: Rofin-Sinar's poor guidance overshadowed what was an otherwise good Q4. Earnings came in $0.05 ahead of estimates while revenue grew 36% year over year. Do you think the sell-off was premature? Would you buy shares at current prices? Please weigh in using the comments box below.
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