Bruker Earnings: Here’s Why the Stock is Rising Now

Bruker Corporation (NASDAQ:BRKR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.07%.

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Bruker Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 42.86% to $0.08 in the quarter versus EPS of $0.14 in the year-earlier quarter.

Revenue: Decreased 3.01% to $393.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bruker Corporation reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $417.04 million.

Quoting Management: “Our first quarter 2013 performance was adversely affected by changes in foreign exchange rates, particularly the steep drop in the Japanese Yen,” said Charles Wagner, Chief Financial Officer of Bruker. “Our business in Japan represents approximately ten percent of our revenue, but only a small portion of our expenses. Consequently, these rate changes not only lowered our revenue, but also disproportionately reduced our profitability in the first quarter. We remain focused on delivering the savings from the productivity initiatives we announced previously. During Q1, we accomplished two significant divestiture and outsourcing milestones related to these programs, and we continue to develop other opportunities to improve our operational efficiency.”

Key Stats (on next page)…

Revenue decreased 23.95% from $517.3 million in the previous quarter. EPS decreased 71.43% from $0.28 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.2 to a profit $0.18. For the current year, the average estimate has moved up from a profit of $0.9 to a profit of $0.91 over the last ninety days.

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