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Brooks beats Street 4Q forecasts

CHELMSFORD, Mass. (AP) _ Brooks Automation Inc. (BRKS) on Thursday reported fiscal fourth-quarter net income of $17.4 million.

The Chelmsford, Massachusetts-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The supplier to semiconductor manufacturers posted revenue of $181.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $174.4 million.

For the year, the company reported net income of $62.6 million, or 89 cents per share, swinging to a profit in the period. Revenue was reported as $692.9 million.

For the current quarter ending in January, Brooks expects its per-share earnings to range from 27 cents to 32 cents.

The company said it expects revenue in the range of $182 million to $188 million for the fiscal first quarter.

Brooks shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRKS at https://www.zacks.com/ap/BRKS