Monday, November 5, 2012

Bruker Reports 3Q'12 Results and Raises Guidance

Bruker (BRKR) reported 3Q'12 results prior to the market opening today. I copied the following from the company's press release and added the bolding.
Frank Laukien, President and CEO of Bruker Corporation, commented: "Despite continued softening of demand in certain markets, we are pleased with our double-digit third quarter 2012 organic revenue growth rate, which in part benefitted from our still very significant backlog. Profitability also improved in the third quarter year-over-year. As a result of our third quarter performance, we are raising our full-year 2012 revenue guidance to a range of $1.73 - $1.76 billion, and we are raising our full-year adjusted EPS guidance to $0.75 - $0.79 per diluted share."

BRKR closed at $12.59 on 02012.11.02. 52-week range: $9.91 - $17.10.

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