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Bruker beats top-line and bottom-line estimates; raises FY24 income outlook

FFS by FFS
August 6, 2024
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Bruker beats top-line and bottom-line estimates; raises FY24 income outlook
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  • Bruker press launch (NASDAQ:BRKR): Q2 Non-GAAP EPS of $0.52 beats by $0.01.
  • Income of $800.7M (+17.4% Y/Y) beats by $2.88M.
  • For FY 2024, Bruker now expects revenues of $3.38 to $3.44 billion (prior $3.29 to $3.35 billion) vs. $3.40B consensus, in comparison with FY 2023 revenues of $2.96 billion, with 14% to 16% year-over-year reported income progress, together with contributions from:

    • Natural income progress of 5% to 7%,
    • An M&A tailwind of roughly 10%,
    • A international foreign money translation income headwind of roughly -1%,
    • CER income progress of 15% to 17%.

    Bruker now expects FY 2024 non-GAAP EPS of $2.59 to $2.64 (prior $2.79 to $2.84) vs. $2.63 consensus, in comparison with FY 2023 non-GAAP EPS of $2.58.

    Up to date FY 2024 income and non-GAAP EPS steerage is predicated on international foreign money alternate charges as of June 30, 2024.

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2024-08-06 11:23:20
Source :https://seekingalpha.com/information/4134738-bruker-beats-top-line-and-bottom-line-estimates-raises-fy24-revenue-outlook?utm_source=feed_news_all&utm_medium=referral&feed_item_type=information

Tags: beatsbottomlineBrukerestimatesFY24OutlookraisesRevenueTopLine
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