Tuesday, July 13, 2010

Brooks Automation Inc (BRKS) - BUY

Brooks Automation Updates Expectations for June Quarter Financial Results
   
In remarks at SEMICON-West, the semiconductor equipment exposition being held this week in San Francisco, CA, Brooks Automation, Inc. (BRKS ) will note a continuation of strong business trends. The company now expects to report revenues for the Company’s third quarter of fiscal year 2010 ended on June 30, 2010 of between $156 and $157 million. Based on the stronger revenue expectations for the quarter the company raised earnings guidance for the quarter just ended to between $0.22 and $0.24. 
The company further noted that based on current backlog and new order booking trends it also expects sequential revenue gain, margin expansion and earnings growth in the fourth fiscal quarter ending September 30, 2010.
Brooks Automation management will release the June quarter financial results after the market closes on Thursday August 5, 2010. The Company management will host a live webcast to review these results on the same day, Thursday, August 5, 2010 at 4:30 p.m. Eastern Time. The live webcast and audio replays will be publicly available on Brooks’ website at http://www.brooks.com/

About Brooks Automation, Inc.
Brooks is a leading worldwide provider of automation, vacuum and instrumentation solutions. Our products and services are meeting the needs of customers across a broad spectrum of applications and industries with the global semiconductor manufacturing sector being our largest served market. When demanding productivity and availability objectives are essential factors for success, customers throughout the world turn to Brooks Automation, Inc. For more information see http://www.brooks.com/

Analysts' Targets
 Barclays Capital$12 
    Equalweight
    Wednesday, April 07, 2010
 Credit Suisse$7 
    Hold
    Monday, February 08, 2010
 Caris & Company$9 
    Average
    Friday, February 05, 2010


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