Bruker Earnings: Here’s Why Investors Like These Results

Bruker Corporation (NASDAQ:BRKR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.9%.

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Bruker Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.67% to $0.28 in the quarter versus EPS of $0.30 in the year-earlier quarter.

Revenue: Rose 8.88% to $517.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bruker Corporation reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $483.65 million.

Quoting Management:“Despite the challenges posed by weaker European economies, softness in U.S. academic markets, and the slowing of several industrial and applied market segments, Bruker’s innovation engine generated excellent top-line growth throughout 2012,” commented Frank Laukien, President and CEO of Bruker. “This performance is a testament to the strength of our customer relationships and our focus on addressing their needs. We are also pleased with our improving margins in the second half of 2012, and we recognize that we need to translate more of our healthy revenue growth into higher profits and cash flow.”

Key Stats (on next page)…

Revenue increased 15.52% from $447.8 million in the previous quarter. EPS decreased 0% from $0.28 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.17 to a profit $0.18. For the current year, the average estimate has moved up from a profit of $0.78 to a profit of $0.79 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)