• Bruker: 4Q Earnings Snapshot

    Updated:
    BILLERICA, Mass. (AP) _ Bruker Corp. (BRKR) on Monday reported fourth-quarter net income of $78.1 million, after reporting a loss in the same period a year earlier.

    The Billerica, Massachusetts-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring costs, came to 54 cents per share.

    The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 54 cents per share.

    The scientific equipment maker posted revenue of $553.6 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $544.5 million.

    For the year, the company reported profit of $179.7 million, or $1.14 per share. Revenue was reported as $1.9 billion.

    Bruker expects full-year earnings in the range of $1.54 to $1.58 per share.

    Bruker shares have risen 19 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.53, a rise of 16 percent in the last 12 months.

    _____

    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRKR at https://www.zacks.com/ap/BRKR

    Next Up: