Brooks Automation Q3 Profit Soars; Issues Q4 Outlook - Quick Facts

(RTTNews) - Brooks Automation Inc. (BRKS), Thursday reported third-quarter net income attributable to the company of $24.5 million or $0.36 per share, compared to $1.5 million or $0.02 per share a year ago.

Adjusted net income for the latest third quarter was $3.6 million or $0.05 per share, down from $6.6 million or $0.10 per share in the previous year quarter.

On average, four analysts polled by Thomson Reuters expected the company to report earnings per share of $0.04 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter rose to $117.36 million, from $110.77 million last year. Analysts expected the company to generate revenues of $116.88 million for the quarter.

Looking ahead, for the fourth quarter of fiscal 2014, the company said it expects adjusted earnings to be in the range of $0.04 to $0.07 per share and revenue in the range of $114 million to $120 million. Analysts estimate the company to report earnings of $0.05 on revenues of $120.88 million.

Further, the company said its Board reiterated a dividend of $0.10 per share payable on September 26, 2014 to shareholders of record on September 5, 2014.