Brooks Automation Beats Estimates (BRKS)

Brooks Automation, Inc. BRKS released financial results on Wednesday after the market closed. Brooks Automation, Inc announced 4th quarter net income of $24.2 million, or 38 cents per share, compared to a net loss of $14.5 million, or 23 cents per share, a year earlier. Revenues soared 183.4% to $181.6 million, up from $64.1 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 33 cents per share, on revenue of $176.64 million. President and chief executive officer Stephen S. Schwartz said, "We had a strong finish to the fiscal year with excellent top line growth and record quarterly operating performance. We saw continuing strength to our semiconductor business and we successfully leveraged that growth to improve margin performance." The consensus price target of analysts covering shares of Brooks Automation, Inc. (BRKS) is $8.31 per share. Read more from Benzinga's Company news.