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Home > Bruker tanks on Q2 earnings forecast | Wall Street Beat

Bruker tanks on Q2 earnings forecast | Wall Street Beat

Mass Device

Shares of Bruker Corp. are down nearly 12% today after the medical device company cut its earnings forecast in half.

MassDevice.com Wall Street Beat

Bruker Corp. [1] (NSDQ:BRKR [2]) shares took a double-digit dive this morning after the medical device company said it expects the European fiscal crisis to cut its 2ns-quarter per-share earnings roughly in half.

Bruker said it expects to report adjusted EPS of 11¢-13¢ for the 3 months ended June 30, on sales of about $420 million. Wall Street analysts were expecting adjusted EPS of 21¢.

The miss sent BRKR shares down 11.7% to $11.80 as of about 11:30 a.m. today.

Source URL (retrieved on 05/20/2013 - 1:53pm): http://www.mdtmag.com/news/2012/07/bruker-tanks-q2-earnings-forecast-wall-street-beat

Links:
[1] http://www.massdevice.com/company/bruker-corp
[2] http://www.google.com/finance?q=BRKR