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Stock Market & Financial Investment News

News Breaks
July 23, 2014
12:16 EDTBRKRBruker says profitability to improve once CAM restructuring plan implemented
Bruker approved a plan to divest certain assets and implement a restructuring program in the Chemical & Applied Markets, CAM, division within the Bruker CALID Group. These divestment and restructuring actions are expected to result in a reduction of CAMís employee headcount by approximately 200 to 250 people and are expected to lead to CAM-related restructuring and other one-time charges of between $35M and $40M, of which $10M to $13M are expected to result in future cash charges for employee separation and facility exit costs, and $25M to $27M are estimated for inventory write-downs and asset impairments. The restructuring charges are expected to be incurred in the 2H14 and 1H15. Proceeds from potential divestitures cannot be estimated at this time. The company currently anticipates that the annual run-rate revenues for the CAM products and services will be reduced by approximately $50M-$70M, and profitability is expected to be improved by $15M to $20M annually, once the Plan is fully implemented. The company expects to provide further details on its CAM restructuring plans and financial outlook for 2014 on its Q214 earnings conference call scheduled for August 6. Additionally, as the Plan is implemented, management will continue to evaluate the estimated costs associated with the Plan and may revise its estimates of such costs and the related accounting charges.
News For BRKR From The Last 14 Days
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February 20, 2015
10:20 EDTBRKRHigh option volume stocks
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07:47 EDTBRKRBruker potential weakness could provide opportunity, says Wells Fargo
After Bruker estimated that its 2015 EPS would be flat versus 2014, Wells Fargo still believes in the company's turnaround story and advises investors to take a long-term view of the stock. Wells thinks the stock could experience some weakness following the company's Q4 results, and it believes that such weakness could provide an opportunity for long-term investors to buy the shares. Wells keeps an Outperform rating on the stock.
February 19, 2015
16:56 EDTBRKRBruker sees FY15 EPS about flat with FY14
Sees FY15 organic revenue approximately up 1% year-over-year. The company says that changes in currency continue to be a strong headwind to revenue and EPS in FY15. Guidance provided in Q4 earnings conference call presentation slides.
16:03 EDTBRKRBruker reports Q4 EPS 30c, consensus 29c
Reports Q4 revenue $508.0M, consensus $515.49M.
15:32 EDTBRKRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Public Storage (PSA), consensus $2.19... Intuit (INTU), consensus (13c)... Consolidated Edison (ED), consensus 55c... Nordstrom (JWN), consensus $1.35... Mohawk Industries (MHK), consensus $2.21... Newmont Mining (NEM), consensus 10c... Frontier Communications (FTR), consensus 5c... Brocade Communications (BRCD), consensus 24c... Bruker (BRKR), consensus 29c... Rovi (ROVI), consensus 41c... Marvell Technology (MRVL), consensus 24c... MRC Global (MRC), consensus 46c... Equinix (EQIX), consensus $1.03.

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