Brooks Automation (BRKS) Reports Large Q1 Loss
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Brooks Automation (Nasdaq: BRKS) reports Q1 loss of $0.58, 7 cents worse than the analyst estimate of ($0.51). Revenue for the quarter was $37.3 million, versus the consensus of $41.34 million.
Net loss for the second quarter of fiscal 2009 amounted to $152.5 million, or $2.43 per diluted share. This loss includes special charges totaling $116.3 million. Excluding special charges, the non-GAAP net loss for the first quarter of fiscal 2009 was $36.2 million, or $0.58 per diluted share.
The special charges taken during the quarter included a non-cash impairment charges of $106.9 million to write down the value of goodwill and certain other long lived assets to reflect the current industry and economic environment which has significantly impacted the comparable company valuations and the Company's near term outlook.
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