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What: Shares of laser technologist Rofin-Sinar Technologies
So what: Despite 42% higher year-over-year second-quarter sales and more than double the earnings, the company didn't live up to even higher targets set by Wall Street analysts. It didn't help that management guided third-quarter revenue higher than expected as investors chose to focus on the here-and-now weakness.
Now what: I find it hard to slap a "disappointment" label on tremendous business gains like these, but then the stock had gained 52% in the six months before this report. This drop amounts to nothing but a slight correction, even when taken together with a similar miss from fiber-laser specialist IPG Photonics
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Fool owns shares of IPG Photonics, which is a Motley Fool Rule Breakers selection. Rofin-Sinar Technologies is a Motley Fool Hidden Gems recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.