06.02.2024 12:54:04 - dpa-AFX: Waters Corp. Q4 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Waters Corp. (WAT) reported earnings for fourth
quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $216.21 million, or $3.65 per share. This
compares with $227.06 million, or $3.81 per share, in last year's fourth
quarter.
Excluding items, Waters Corp. reported adjusted earnings of $214.99 million or
$3.62 per share for the period.
Analysts on average had expected the company to earn $3.55 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 4.5% to $819.47 million from $858.51
million last year.
Waters Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $216.21 Mln. vs. $227.06 Mln. last year.
-EPS (Q4): $3.65 vs. $3.81 last year.
-Analyst Estimates: $3.55
-Revenue (Q4): $819.47 Mln vs. $858.51 Mln last year.
-Guidance:
Next quarter EPS guidance: $2.05 to $2.15
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