Bruker logo

BRKR - Bruker News Story

$43.73 -0.5  -1.0%

Last Trade - 28/05/20

Sector
Healthcare
Size
Large Cap
Market Cap £5.56bn
Enterprise Value £5.70bn
Revenue £1.66bn
Position in Universe 896th / 6361

BUZZ-Bruker Corp: Hits record high on upbeat Q3 results

Fri 1st November, 2019 3:28pm
** Medical devices maker's shares  BRKR.O  rise as much as
17.4% to a record high of $52.23 after co reports upbeat Q3
results post-market on Thursday
    ** Q3 revenue of $521.1 mln came well above Wall St.
estimate of $496.7 mln, helped by strong performance in life
science mass spectrometry solutions and microbiology
 urn:newsml:reuters.com:*:nPn5dSTwga
    ** BRKR beat quarterly profit and revenue expectations for
at least eighth consecutive quarter - Refinitiv data
    ** Brokerage UBS raises PT to $53 from $52, $1 above median
PT; average rating among 12 analysts is "buy"
    ** "BRKR is at an inflection point of transitioning from an
industry laggard to an industry leader in terms of the topline
growth and margin expansion potential" - BTIG analyst Sung Ji
Nam
    ** Up to last close, stock up about 50% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.