Will Bruker’s Stock Keep Climbing?
Bruker (NASDAQ: BRKR) develops and sells high-end scientific instruments that allow scientists to explore the world at molecular, cellular, and microscopic levels. What does that mean? It means Bruker makes the specialized tools required to answer questions about how our bodies function on the smallest of scales. These specialized instruments, for example, can be used to determine the shape of a certain molecule and how it interacts with other proteins. That information can help scientists create diagnostic tests, discover new drugs, and even determine food quality.
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Bruker's CEO and CFO updated investors on Jan. 13 during the company's presentation at the J.P. Morgan Healthcare Conference. President and CEO Frank Laukien commented that while it has not pre-announced earnings for several years, investors can expect the company to achieve near or at the high end of previous guidance for 2019. Further, CFO Gerald Herman stated that revenues continue to grow at approximately an 8% compounded annual growth rate.
Source Fool.com
