Profit doubles at Bruker

Bruker BioSciences Corp., which makes X-ray technology and molecular analysis tools, said today that its second-quarter profit doubled with new product introductions.

The company earned $5 million, or 5 cents per share, compared with profit of $2.5 million, or 2 cents per share during the same period a year prior. Revenue rose to $121.7 million from $100.5 million.

Analysts polled by Thomson Financial expected profit of 5 cents per share on revenue of $113.4 million.

"The combination of our innovative products and solutions and favorable market dynamics enabled us to deliver solid increases in revenue and net income," said Frank Laukien, president and chief executive.

Shares of Bruker closed Monday at $7.88. (AP)