Stock Track | Bruker Plunges 6.69% in Pre-market After Q4 Profit Misses Estimates
Stock Track
Feb 12
Bruker Corporation's stock experienced a significant pre-market plunge of 6.69% on Thursday, following the release of its fourth-quarter financial results.
The sharp decline came after the medical equipment maker reported adjusted earnings per share of $0.59 for the quarter, missing the analyst consensus estimate of $0.65. This represents a 9.09% earnings miss and a 22.37% decrease compared to earnings of $0.76 per share from the same period last year.
While the company's quarterly sales of $977.2 million surpassed analyst expectations of $960.8 million, the substantial profit shortfall appears to have driven investor sentiment negatively in early trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.