Brooks Automation Dips On Q3 Miss, Disappointing Guidance

| About: Brooks Automation, (BRKS)

Brooks Automation (NASDAQ:BRKS) shares fell after hours after a disappointing earnings report for the company’s fiscal third quarter ended June 30. The semiconductor equipment maker reported third quarter revenue of $190.5 million, below Street expectations of $196 million. Non-GAAP EPS of 28 cents fell short of the Street consensus of 32 cents.

For the fourth quarter, the company sees revenue of $160 million to $170 million, with non-GAAP EPS of 8-14 cents share; the Street has been looking for $188.3 million and 27 cents.

In a statement, Brooks CEO Edward Grady said the company was affected in the quarter by “the recent slowdown in spending in the semiconductor industry.”

Brooks shares rose 55 cents to $15.78 in the regular session, in a session marked by a huge sell-off, in apparent anticipation of good earnings news. But the stock then reversed course: after hours, the stock was down 42 cents, at $15.36.

BRKS 1-yr chart:
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Tagged: , Semiconductor Equipment & Materials, Earnings
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