Bruker Corporation (BRKR), Thursday revealed a decline in net income for the first quarter to $5.4 million, or $0.03 per share from $15.1 million, or $0.09 per share in the prior year.
On an adjusted basis, profit totaled $13.4 million, or $0.08 per share. 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
First quarter revenues decreased to $393.4 million from $405.6 million in the first quarter of 2012. Analysts expected to see revenues of $417.04 million.
Looking forward, the company is slashing its full-year 2013 adjusted per share guidance by $0.08 to a range between $0.80 and $0.83, while revenues growth rates are anticipated to fall by 2 percent.
Analysts expect the company to report per share earnings of $0.91 on revenues of $1.87 billion for the full year.
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