Bruker Corp (BRKR) PT Raised to $30 After Monster Beat - Jefferies

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Go back to Bruker Corp (BRKR) PT Raised to $30 After Monster Beat - Jefferies

Bruker Reports First Quarter 2016 Financial Results

May 4, 2016 4:01 PM EDT

BILLERICA, Mass., May 4, 2016 /PRNewswire/ -- Bruker Corporation (NASDAQ: BRKR) today reported financial results for its first quarter ended March 31, 2016.

Bruker's revenues for the first quarter of 2016 were $375.4 million, an increase of 6.2 percent compared to revenues of $353.3 million in the first quarter of 2015.  Excluding a 1.5 percent net positive effect from acquisitions & divestitures, and a 0.9 percent negative effect from changes in foreign exchange rates, Bruker reported year-over-year organic revenue growth of 5.6 percent for the first quarter of 2016, compared to an organic revenue decline of 3.0 percent in the first quarter of 2015. 

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