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Bruker's Q3 Non-GAAP Earnings Fall, Revenue Rises; Lowers 2024 Outlook; Shares Decline
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Bruker's Q3 Non-GAAP Earnings Fall, Revenue Rises; Lowers 2024 Outlook; Shares Decline
Nov 5, 2024 11:13 PM

08:15 AM EST, 11/05/2024 (MT Newswires) -- Bruker ( BRKR ) reported Q3 non-GAAP earnings Tuesday of $0.60 per diluted share, down from $0.74 a year earlier.

Analysts polled by Capital IQ expected $0.60 per share.

Revenue in the quarter ended Sept. 30 was $864.4 million, up from $742.8 million a year earlier.

Analysts surveyed by Capital IQ expected $866.1 million.

The company lowered its outlook for 2024 non-GAAP EPS to $2.36 to $2.41, from $2.59 to $2.64 previously. Analysts surveyed by Capital IQ expect $2.60.

Bruker ( BRKR ) expects 2024 revenue of $3.34 billion to $3.37 billion, compared with $3.38 billion and $3.44 billion previously. Analysts polled by Capital IQ expect $3.40 billion.

Bruker ( BRKR ) shares fell by more than 6% in premarket trading.

Price: 55.99, Change: -3.36, Percent Change: -5.66

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