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