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What: Shares of life sciences instrumentation company Bruker
So what: Stop me if you've heard this one: Blame Europe! Due to weakness in European demand -- specifically from European governments that set educational budgets, Bruker's primary customer -- and a weaker euro currency, Bruker now expects to report an adjusted profit in the second quarter of $0.11 to $0.13 on sales of $420 million. Wall Street had been expecting the life sciences tool maker to report a profit of $0.21 on sales of $434 million.
Now what: Today's earnings miss really shouldn't come as a surprise given the weakness in Europe, but definitely the magnitude is higher than anyone had expected. Bruker's rival Waters
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