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Technology Stocks : Azenta

AZTA 29.28

-4.2%

11:56 AM EST

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From: mopgcw	8/12/2007 3:33:39 AM
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from bARRON'S: Brooks: FY Q3 Misses; Guidance Disappoints; Stock Falls, Reversing Spike Posted by Eric Savitz Brooks Automation (BRKS) shares are falling after hours after a disappointing earnings report for the company’s fiscal third quarter ended June 30. The semiconductor equipment maker reported third quarter revenue of $190.5 million, below Street expectations of $196 million. Non-GAAP EPS of 28 cents fell short of the Street consensus of 32 cents. For the fourth quarter, the company sees revenue of $160 million to $170 million, with non-GAAP EPS of 8-14 cents share; the Street has been looking for $188.3 million and 27 cents. In a statement, Brooks CEO Edward Grady said the company was affected in the quarter by “the recent slowdown in spending in the semiconductor industry.” Brooks shares rose 55 cents to $15.78 in the regular session, in a session marked by a huge sell-off, in apparent anticipation of good earnings news. But the stock has now reversed course: after hours, the stock is down 42 cents, at $15.36.

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