Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Brooks Automation Q2 Profit Tops Views, Shares Up 11%

RELATED NEWS
Trade BRKS now with 

Semiconductor equipment maker Brooks Automation Inc. (BRKS: Quote), Thursday reported a plunge in profit for the second quarter, hurt mainly by lower revenues and increased operating costs. However, both earnings and revenues for the quarter came in ahead of analysts' estimates. Following the news, shares of the company rose over 11 percent in after hours trade.

Net income attributable to the company for the second quarter was $9.5 million or $0.14 per share, compared to $26.6 million or $0.41 per share last year.

Adjusted net income for the quarter was $13.0 million or $0.20 per share. On average, seven analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the second quarter grew to $139.3 million from $192.7 million in the second quarter last year. Analysts estimated revenues of $136.26 million for the quarter.

Gross profit margin advanced to 34.7 percent for the quarter from 32.0 percent last year, impacted by the Life Science Systems acquisitions and the Contract Manufacturing divestiture.

Total operating expenses increased to $39.9 million from $34.9 million last year.

Looking forward to the third quarter, the company expects earnings in a range of $0.13 to $0.18 per share, adjusted earnings of $0.15 to $0.20 per share, and revenues of $140 million to $147 million. Analysts currently estimate earnings of $0.21 per share and revenues of $144.68 million for the quarter.

The company declared a dividend of $0.08 per share, payable on June 29 to stockholders of record on June 8.

Register
To receive FREE breaking news email alerts for Brooks Automation Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.