Brooks Automation Q1 Profit Down

Brooks Automation Inc. (BRKS) reported a profit for first quarter that decreased from the same period last year.

The company's profit dropped to $13.2 million or $0.18 per share, compared to $14.4 million or $0.20 per share last year.

Excluding items, Brooks Automation Inc. reported adjusted earnings of $0.23 per share for the period, up from $0.17 per share last year. On average, analysts polled by Thomson Reuters estimated earnings of $0.23 per share for the quarter.

The company's revenue for the quarter rose 17% to $210 million from $179 million last year. Analysts had a consensus revenue estimate of $207.24 million.

"The results of our first fiscal quarter of 2020 showed good growth in each segment and we are solidly on track for a strong year," commented Steve Schwartz, CEO of Brooks Automation. "Our Semiconductor Solutions business was lifted by another record quarter of revenue from Contamination Control Solutions, we delivered another quarter of gross margin improvement in Life Sciences Sample Management, and we had strong cash flow from operations."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT