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Bruker: 3Q Earnings Snapshot

BILLERICA, Mass. (AP) _ Bruker Corp. (BRKR) on Thursday reported third-quarter earnings of $61.3 million.

On a per-share basis, the Billerica, Massachusetts-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The scientific equipment maker posted revenue of $521.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $495.7 million.

Bruker expects full-year earnings in the range of $1.59 to $1.62 per share.

Bruker shares have risen 49% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.50, a climb of 42% 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 BRKR at https://www.zacks.com/ap/BRKR