- Associated Press - Monday, July 12, 2010

CHELMSFORD, MASS. (AP) - Chip equipment maker Brooks Automation Inc. said Monday it expects revenue and earnings for its fiscal third and fourth quarters to beat Wall Street’s expectations.

The company raised its earnings outlook for the quarter ended June 30 to a range of 22 cents to 24 cents per share on revenue of $156 million to $157 million. That’s well above the 19 cents per share and $152.7 million that analysts polled by Thomson Reuters have predicted, on average.

Brooks said business trends remain strong. Based on orders and bookings, the company expects to post earnings and revenue to rise sequentially in the fiscal fourth quarter. Analysts have forecast 20 cents per share in profit and revenue of $149.9 million for the three months ending Sept. 30.

The Chelmsford, Mass., company is scheduled to report earnings on Aug. 5.

Shares of Brooks fell 15 cents to $8.02 on Monday, but rose 27 cents, or 3.4 percent, to $8.29 in aftermarket trading following the positive report.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide