NEW YORK – Bruker reported after the close of the market Wednesday that its first quarter revenues fell 8 percent year over year.
For the three months ended March 31, the firm said total revenues fell to $424.0 million from $461.4 million in the first quarter of 2019, below analysts' consensus estimate of $444.4 million.
Bruker's organic revenue was down 8 percent year over year, with growth from acquisitions of 1 percent countering a 1 percent negative effect from changes in foreign currency rates.