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Brooks tops Street 2Q forecasts

CHELMSFORD, Mass. (AP) _ Brooks Automation Inc. (BRKS) on Thursday reported fiscal second-quarter net income of $14 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chelmsford, Massachusetts-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The supplier to semiconductor manufacturers posted revenue of $169.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $166.6 million.

Brooks shares have increased 45 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.80, more than doubling 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 BRKS at https://www.zacks.com/ap/BRKS


Keywords: Brooks Automation, Earnings Report