Waters: Q4 Earnings Snapshot
By AP News
Published - Feb 15, 2023, 07:12 AM ET
Last Updated - Jun 22, 2023, 09:35 PM EDT
MILFORD, Mass. (AP) — MILFORD, Mass. (AP) — Waters Corp. (WAT) on Wednesday reported fourth-quarter earnings of $227.1 million.
The Milford, Massachusetts-based company said it had net income of $3.81 per share. Earnings, adjusted for amortization costs and restructuring costs, were $3.84 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.74 per share.
The maker of products used in drug discovery and development posted revenue of $858.5 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $831.3 million.
