Shares of Brooks Automation Inc. (BRKS) slid 12%, Friday after reporting fiscal first-quarter earnings below the Street’s view.
The company saw a first-quarter loss of $2.8 million or 4 cents a share, an improvement from the first quarter of last year when the company reported a loss of $35.1 million or 56 cents a share.
The adjusted loss per share came to 2 cents during the quarter, while revenue rose to $106.2 million, up from $73.4 million, one year ago.
Analysts polled by Thomson Reuters had expected the company to break even during the quarter.
Shares of Brooks fell $1.03, or 12.09% to close Friday’s session at $7.49 a share.
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