Continued soft demand in its nuclear magnetic resonance (NMR) and x-ray businesses contributed to an 8% decline in fourth-quarter revenue for MRI developer Bruker.
For the period (end-December 31), Bruker had revenues of $508 million, down from $552.1 million a year ago. The vendor reported fourth-quarter net income of $26.1 million, down from $35.2 million in the fourth quarter of 2013.
For the full year, Bruker posted $1.81 billion in revenues, down 1.7% from the $1.84 billion posted in 2013. The firm had 2014 net income of $56.7 million, compared with net income of $80.1 million the previous year.
