Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Brooks Automation Slumped Today


Why Shares of Brooks Automation Slumped Today

Shares of automation and cryogenic solutions provider Brooks Automation (NASDAQ: BRKS) tumbled on Thursday after the company reported its fiscal fourth-quarter results. Brooks handily beat analyst estimates for both revenue and earnings, and it provided revenue guidance that was above expectations. The stock dropped despite these positives, with a lofty valuation a possible culprit. Shares of Brooks were down about 18% at 12:50 p.m. EST.

Brooks reported fourth-quarter revenue of $182 million, up 15% year over year and about $7 million higher than the average analyst estimate. Life sciences revenue soared 39% to $44 million, while semiconductor revenue jumped 10% to $138 million.

Image source: Brooks Automation.

Continue reading


Source: Fool.com

Brooks Automation Inc Stock

€50.50
-2.910%
We can see a decrease in the price for Brooks Automation Inc. Compared to yesterday it has lost -€1.500 (-2.910%).

Like: 0
Share

Comments