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BRKR - Bruker News Story

$43.73 -0.5  -1.0%

Last Trade - 28/05/20

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*: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
    ** Up to last close, stock up about 50% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
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