WATCH CBS NEWS VIDEO: Florida Shooting At Nightclub, LIVE COVERAGE

Rofin-Sinar Sales, Profits Jump

Rofin-Sinar Technologies Inc. (Nasdaq: RSTI), the industrial laser maker wit dual headquarters in Plymouth and Hamburg, Germany, reported net income of $11.9 million or 42 cents a share in the fourth fiscal quarter ended Nov. 30, up from $5.3 million or 18 cents a share in the same quarter a year earlier.

Sales for the quarter were $124.4 million, up 37 percent from $90.5 million in the same quarter a year earlier.

For the fiscal year, neet income was $29.8 million or $1.02 a share, up from $9.2 million or 31 cents a share a year earlier. Sales were $423.6 million, up 21 percent from $349.6 million a year earlier.

The company said its sales in North America rose 12 percent for the year from $78.7 million from $70 million, while sales in Europe declined 1 percent to $196.3 million from $199.1 million, and sales in Asia rose 85 percent to $148.6 million from $80.5 million.

More at www.rofin.com.

(c) 2010, WWJ Newsradio 950. All rights reserved.

Comments

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen