BILLERICA, Mass. (AP) _ Bruker Corp. (BRKR) on Thursday reported third-quarter earnings of $88.1 million.
On a per-share basis, the Billerica, Massachusetts-based company said it had net income of 59 cents. Earnings, adjusted for one-time gains and costs, came to 66 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The scientific equipment maker posted revenue of $638.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $613.5 million.
Bruker expects full-year earnings in the range of $2.29 to $2.33 per share.
Bruker shares have declined 27% since the beginning of the year. The stock has dropped 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BRKR">Zacks stock report on BRKR at https://www.zacks.com/ap/BRKR