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To: BMcV who wrote (821)7/11/2005 8:43:11 AM
From: Proud_Infidel  Read Replies (2) | Respond to of 1138
 
7:37AM Brooks Automation to merge with Helix Tech; BRKS lowers Q3 guidance (BRKS) 15.59 :Under terms of transaction, Helix (HELX) stockholders will receive 1.11 shares of BRKS for each share of HELX, transaction values HELX at $454 mln, expected to be "significantly accretive" to BRKS' earnings within first year and to be tax-free to the stockholders of both companies for U.S. federal income tax purposes. BRKS also issues downside guidance , sees Q3 (Jun) revs of $111-113 mln, previous co guidance was $115-20 mln vs. $120.43 mln Reuters Estimates consensus. BRKS says shortfall primarily due to timing delays of certain customer projects.



To: BMcV who wrote (821)8/1/2005 10:58:14 PM
From: Proud_Infidel  Respond to of 1138
 
UPDATE 1-Brooks posts lower net on delayed customer orders
Mon Aug 1, 2005 05:39 PM ET
(Adds analyst expectations, forecast, stock price move)

SAN FRANCISCO, Aug 1 (Reuters) - Brooks Automation Inc. (BRKS.O: Quote, Profile, Research) , a maker of equipment used in semiconductor factories, on Monday posted a quarterly profit that fell about 92 percent as customers delayed orders for some products and orders for software were much lighter than it expected.

The company also issued a forecast for the current quarter that was below analyst expectations. Shares of the company were down about 5 percent in extended trade.

Brooks said net income for its third fiscal quarter ended June 30 declined to $926,000, or 2 cents per share basic, from $12.3 million, or 28 cents per share basic, a year earlier. On a diluted basis earnings were 2 cents a share in the most recent third quarter and 27 cents a share in the year ago period.

Revenue declined 26 percent to $113.8 million-- at the high end of a forecast it lowered earlier this month -- from $153.8 million in the year-ago quarter.

The company on July 11 said that it expected third-quarter revenue of $111 million to $113 million, down from its earlier forecast for revenue of $115 million to $120 million. The company said at the time that the lowered revenue projection was due primarily to timing delays of certain customer projects.

"The business environment was relatively soft going into our third quarter and remains so as we enter the current quarter," said Edward Grady, president and chief executive, in a statement on Monday.

"We recognized the possibility of a timing impact entering the quarter but the magnitude was greater than anticipated," Grady said, referring to orders.

For its fourth quarter, Brooks said it expects a net loss per share of 7 cents to 13 cents, which will include an estimated 3 cents per share in restructuring and other charges, on revenue of $100 million to $105 million.

Analysts currently expect Brooks to post a net profit of 6 cent per share, on average, in the fourth quarter, on revenue of $119.4 million.

"While we expect the business environment to remain challenging in our fiscal fourth quarter ending on September 30, 2005, we do see indications that order rates and shipments in the December quarter should improve," Grady said said.

Brooks also said that it expects its pending acquisition of Helix Technology Corp. to add "significantly" to earnings in its fiscal year 2006. Brooks said in July that it had agreed to buy Helix.

Shares of Brooks closed unchanged in Nasdaq trading at $16.60. In extended trade on Inet, the stock fell to $15.75.