07.11.2023 12:56:35 - dpa-AFX: Waters Corp. Q3 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Waters Corp. (WAT) reported earnings for third
quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $134.55 million, or $2.27 per share. This
compares with $156.00 million, or $2.60 per share, in last year's third quarter.
Excluding items, Waters Corp. reported adjusted earnings of $168.55 million or
$2.84 per share for the period.
Analysts on average had expected the company to earn $2.56 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 0.4% to $711.69 million from $708.56
million last year.
Waters Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $134.55 Mln. vs. $156.00 Mln. last year.
-EPS (Q3): $2.27 vs. $2.60 last year.
-Analyst Estimates: $2.56
-Revenue (Q3): $711.69 Mln vs. $708.56 Mln last year.
-Guidance:
Next quarter EPS guidance: $3.52 to $3.62
Full year EPS guidance: $11.65 to $11.75
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