Brooks Automation (BRKS) Guides Q4 Revs Above The Street
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Brooks Automation, Inc. (Nasdaq: BRKS) expects to report revenues for the fourth quarter ended September 30, 2009 of approximately $64 million, a sequential quarterly increase of about 45%. This is above the consensus of $56 million. At the time of the Company's third quarter earnings release in early August, Brooks said it expected sequential revenue growth of at least 25% in the September quarter.
CEO Robert J. Lepofsky said, ""A sharp upturn in requirements from our semiconductor OEM accounts throughout the world gained momentum as the quarter progressed. At the present time, the upward trend we saw last quarter is continuing and we currently anticipate sequential revenue growth of at least another 45% in the quarter ending December 31, 2009. Our ability to respond quickly to changes in demand is a key element of our strategy and continues to solidify our very strong market position in the semiconductor capital equipment market."
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