Results hit Brooks Automation
Brooks Automation Inc. fell after it posted quarterly earnings of 14 cents per share, missing the consensus analyst estimate of 19 cents. Revenue was down 24.6 percent year-over-year. The company said it was hurt by the timing of tender awards for major systems in Europe and the absence of one-time gains recorded last year. The provider of automation systems and instrumentation solutions reported third-quarter net income of $8.03 million or 12 cents per share.