Loading...
Loading...
- Bruker Corp's BRKR Q3 revenues were $608.9 million, up 19.1 Y/Y (17.8% organically) and beating the Wall Street estimate of $574.17 million.
- The company saw a 1% positive effect on revenues from currency translation and a positive impact of less than 1% from acquisitions.
- Adjusted EPS increased from $0.42 to $0.63, surpassing the consensus of $0.44.
- The company's CALID group, which houses its life sciences and mass spectrometry business, posted 13% growth with revenues of $194.2 million.
- Revenues for Bruker BioSpin increased 22% to $186.5 million, Bruker Nano sales rose 19% to $174.9 million, and Bruker Energy & Supercon Technologies revenues rose 30% to $57.0 million.
- On an adjusted basis, gross margin expanded 210 basis points to 51.7%, and operating margin increased 200 basis points to 20.6%.
- FY21 Guidance: Bruker raised FY21 guidance significantly on solid demand for its products and solutions.
- The company projects revenue growth of 19.5% - 20.5% and organic revenue growth of 16.5% - 17.5% up from its previous projection of 17%-19% and 14%-16%, respectively.
- It expects adjusted EPS of $2.05 - $2.09 (consensus of $1.93), up from its previous guidance of $1.88-$1.93.
- Price Action: BRKR shares closed higher by 1.15% at $81.22 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in